Gridley v. Lafayette, Bloomington & Miss. Ry. Co.
Illinois Supreme Court
Appeal from the Circuit Court of Livingston county; the Hon. Charles H. Wood, Judge, presiding.
1Opinion of the CourtJustice Walker
It appears, that some time about the month of September, 1867, appellant was elected president of the board of directors of the defendant company, and served in that capacity until the last of January, 1872. Neither prior to his election, nor at any time afterward, did the board of directors prescribe, by resolution or bv-law, what sum, if any, the president should receive for services he should render; but it seems to have been understood, at the time of his election, that he should receive a fair compensation.
An executive committee was appointed, with power to manage and direct the business…
2Cases cited1 opinion
- Hall v. Vermont & Massachusetts RailroadSupreme Court of Vermont · 1856
3Cited by13 opinions
- Crumlish's Adm'r v. Cent. Imp. Co.West Virginia Supreme Court · 1893
- McNulta v. Corn Belt BankIllinois Supreme Court · 1896
- First National Bank v. DrakeSupreme Court of Kansas · 1883
- Camden Land Co. v. LewisSupreme Judicial Court of Maine · 1905
- National Loan & Investment Co. v. Rockland Co.Court of Appeals for the Eighth Circuit · 1899
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