Manufacturers' Exhibition Building Co. v. Landay
Illinois Supreme Court
Appeal from the Branch Appellate Court for the First District;—heard in that court on appeal from the Superior Court of Cook county; the Hon. A. H. ChETlain, Judge, presiding.
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Appeal from the Branch Appellate Court for the First District;—heard in that court on appeal from the Superior Court of Cook county; the Hon. A. H. ChETlain, Judge, presiding. This action is a suit at law brought by appellee, against appellant, to recover $250 for salary claimed by appellee to be due from appellant for services rendered as vice-president of the Manufacturers’ Exhibition Building Company, a private corporation, for the months of March and April, 1903. The pleadings consisted of the common counts and general issue, and a stipulation of facts was filed containing the provision…
1Opinion of the CourtJustice Ricks
It will be seen from the statement that the issue raised upon the propositions of law presented and involved in this suit is whether the resolution of the board of directors on February 9, 1903, attempting to amend the by-laws relating to the salary of the vice-president, was effectual without being ratified and confirmed by the stockholders at the first meeting of the stockholders thereafter.
The statute in reference to corporations (Hurd’s Stat. 1903, sec. 6, p. 473,) provides: “The corporate powers shall be exercised by a board of directors or managers. * * * The officers of the company…
2Cases cited7 opinions
- Humphreys v. McKissockSupreme Court of the United States · 1891
- Sellers v. GreerIllinois Supreme Court · 1898
- Supreme Lodge Knights of Pythias v. KutscherIllinois Supreme Court · 1899
- Hopkins v. Roseclare Lead Co.Illinois Supreme Court · 1874
- Allemong v. SimmonsIndiana Supreme Court · 1890
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- Beardstown Pearl Button Co. v. OswaldAppellate Court of Illinois · 1906
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