Davey v. Newell-Morse Royalty Co.
Missouri Court of Appeals
Error to Jasper Circuit Court, Division Number Two. —Hon. D. E. Blair, Judge. (1) A corporation is liable in damage to a bona fide purchaser or pledgee of an over-issue or fictitious certificates of stock, if they were issued by an officer or agent under authority from the corporation or its managing officers, or by an officer or agent clothed with apparent authority, although his act may have been in fact unauthorized and fraudulent; or if their issue and the consequent…
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Error to Jasper Circuit Court, Division Number Two. —Hon. D. E. Blair, Judge. (1) A corporation is liable in damage to a bona fide purchaser or pledgee of an over-issue or fictitious certificates of stock, if they were issued by an officer or agent under authority from the corporation or its managing officers, or by an officer or agent clothed with apparent authority, although his act may have been in fact unauthorized and fraudulent; or if their issue and the consequent injury were the result of negligence on the part of the corporation or its managing officers. Eailroad v. Bank, 56 Ohio St.…
1Opinion of the CourtRobertson, P. J.
Plaintiff recovered judgment against the defendant for the sum of $3445, and it is alleged in his petition in substance that the defendant was incorporated under the laws of the State *570of Missouri, June 22, 1905; that its principal business office was at Carthage, Missouri; that one S. F. B. Morse was the president of defendant company from that date until February 17, 1910; that J. P. Newell was during all that time its secretary and II. W. Blair its vice-president; that the capital stock of said corporation authorized by law and its articles of incorporation was $250,000, divided into 2500…
2Cases cited5 opinions
- Moores v. Citizens' Nat. Bank of PiquaSupreme Court of the United States · 1884
- St. Charles Savings Bank v. EdwardsSupreme Court of Missouri · 1912
- Farrington v. South Boston RailroadMassachusetts Supreme Judicial Court · 1890
- Lee v. SmithSupreme Court of Missouri · 1884
- Watson v. Sidney F. Woody Printing Co.Missouri Court of Appeals · 1894
3Cited by2 opinions
- National Bank v. Newellmorse Royalty Co.Supreme Court of Missouri · 1914
- Citizens' Nat. Bank v. Santa Rita Hotel Co.Court of Appeals for the Ninth Circuit · 1927