In re the Election of Trustees of the Pioneer Paper Co.
New York Supreme Court
The Pioneer Paper Company was organized April 1,1859, as a corporation, under the general statutes of 1848, with a capital of $30,000, divided into 300 shares. The articles of association provided for three trustees, and that its general place of business should be Milton, Saratoga county. The by-laws provided that the elections should be held the second Tuesday of March.
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The Pioneer Paper Company was organized April 1,1859, as a corporation, under the general statutes of 1848, with a capital of $30,000, divided into 300 shares. The articles of association provided for three trustees, and that its general place of business should be Milton, Saratoga county. The by-laws provided that the elections should be held the second Tuesday of March. At the March election, 1863, four trustees were elected, without objection, viz: Parks, Buchanan, Comstock and Wilson; and Parks was elected president, and Wilson secretary. Shortly after, the trustees could not agree in the…
1Opinion of the Court
The Court
held, that it was necessary that the corporation should be a party on the record as well as the trustees, so that one motion and decision would bind all parties.
Motion denied, with $10 costs, without prejudice to renew the same.
2Cited by2 opinions
- In re the Election of Directors of P. F. Keogh, Inc.Appellate Division of the Supreme Court of the State of New York · 1920
- People ex rel. Putzel v. SimonsonNew York Supreme Court · 1891