Paducah Newspapers, Inc. v. Goodman

Opinion of the Court by

Judge Richardson

Affirming.

The perplexing question involved in these two actions is the validity of a contract entered into by the corporation by its president and general manager without an order or direction, to execute and deliver it, entered of record by the board of directors.

Before May 1, 1929, E. J. Paxton was the owner of the majority of the stock of the Sun Publishing Company, a domestic corporation, engaged at Paducah, Ky., in publishing “The Paducah Evening Sun”; George H. Goodmen was the owner of the majority of the stock of the News Democrat Publishing…