Sackett & Wilhelms Lithographing & Printing Co. v. National Ass'n of Employing Lithographers

These actions were originally brought to enjoin the defendants from negotiating, indorsing or otherwise transferring certain promissory notes, and for a decree directing that the notes be delivered up and cancelled. The notes were made and delivered, undated, by the plaintiffs to the defendant. The defendant is a domestic corporation organized under the Membership Corporations Law and, as its name indicates, is composed of employing lithographers. Its ostensible objects are set forth in the certificate of incorporation and in the preamble of its constitution. The preamble sets forth that the…