Hongkong & Shanghai Banking Corp. v. Lazard-Godchaux Co. of America, Inc.

McAvoy, J.:

Plaintiff moved for summary judgment under section 476 of the Civil Practice Act and rule 113 of the Rules of Civil Practice, upon the resolution of June 3,1922, of defendant’s board of directors which it is claimed admits that the defendant company, The Lazard-Godchaux Company of America, Inc., became liable as the drawer of two drafts which are the subject of the action. The balance due on the drafts amounts to over $49,000 with interest. Each of the two drafts is the subject-matter of a cause of action contained in the complaint. The drafts are in identical terms and (except for…