Merrill v. Normandie Corp.

Plaintiff sued as assignee of six promissory notes executed by the defendant corporation. The cause was tried without a jury and resulted in a judgment for plaintiff as prayed. The appellants are all preferred stockholders of the' defendant corporation who intervened and who appeal from the judgment on typewritten transcripts.

Karl Elliott, Kathryn Elliott, his wife, and one Bowman, his grandfather, composed the board of directors of the Normandie Corporation. The notes in suit were executed by the officers of the corporation by authorization of the board of directors in consideration of money…