Swift v. San Francisco Stock & Exchange Board
California Supreme Court
Appeal from a judgment of the Superior Court of the city and county of San Francisco, and from an order refusing a new trial. The facts are stated in the opinion of Mb, J DSTICE McKee.
1Opinion of the CourtMcKee, J.
The San Francisco Stock and Exchange Board is a voluntary unincorporated association composed of one hundred persons, who under that name have combined for the purpose of facilitating the purchase and sale of stocks by its members. For that purpose the originators of the association organized in the year 1862 by subscribing to a body of rules, regulations, and provisions contained in articles of agreement in writing, which they adopted as the constitution and by-laws of the association.
Article xxii. of the constitution adopted by them contains the following provisions:—
“ TRUST FUND COMMITTEE.
“…
2Cases cited10 opinions
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