De Bevoise v. H. & W. Co.

Bergen, V. C.

It appears from the bill of complaint that the complainant served until November 17th, 1903, as the president of the defendant company, and as one of its directors until the 10th day of December, 1903, -the stockholders, at their annual meeting, held on that day, refusing to re-elect him as a director; that the. compensation to be paid the complainant for his services as president was fixed by a resolution of the board of directors, adopted December 13th, 1903, as follows: “A salary of $2,000 per annum, to be paid in monthly installments, and in addition to get twenty-five per…