Airport Recreation Club, Inc. v. Morris

Plaintiff, in an amended bill of complaint, filed within the prescribed time, alleged that it was a corporation engaged in the business of furnishing recreation in the form of bowling and other activities in the city of Detroit, and that it owns and operates a building for this purpose; that defendant, who owned 750 of the 1950 shares of stock of the corporation, was, prior to June 27, 1938, a director, secretary and treasurer of the corporation, had charge of its books and accounts and was authorized to make withdrawals from the bank; that at one time, he withdrew $1,500, which he placed in…