Rutland Electric Light Co. v. Bates
Supreme Court of Vermont
Bill in equity. Heard at the March term, 1895, Rutland county, upon the pleadings, a master’s report and exceptions thereto. Thompson, Chancellor, dismissed the bill pro forma. The orator appeals. The orator sought to compel the defendant to account in various respects for his administration as a director and as its treasurer and general manager.
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Bill in equity. Heard at the March term, 1895, Rutland county, upon the pleadings, a master’s report and exceptions thereto. Thompson, Chancellor, dismissed the bill pro forma. The orator appeals. The orator sought to compel the defendant to account in various respects for his administration as a director and as its treasurer and general manager. The master found that during the time covered by the transactions in suit the defendant was a director of the orator and also its treasurer and general manager, Most of the items involved were disposed of by the report of the master, only three of…
1Opinion of the CourtRoss, C. J.
During the period covered by the accounting the defendant was a director, treasurer and principal manager of the orator. His solicitor does not contend that, while occupying these relations, he could make pui’chase for the orator, which would authorize him to pay therefor, as treasurer, more than the price required by the vendor ; nor, that he could make contracts, in the name of the orator, which would authorize him, as treasurer, to pay thereon more than required by the other parties to the contracts. He could not from such purchases or contracts, obtain authority to pay himself a…
2Cited by2 opinions
- McClure v. . LawNew York Court of Appeals · 1899
- Kelsey v. New England Street Railway Co.Supreme Court of New Jersey · 1901