Author Description

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 Excerpt:... to make a promissory note in settlement of an ordinary obligation;75 when intrusted with the entire management of the corporate business, to execute a bill of sale to secure the corporation's debts;76 to purchase chattels used in the ordinary course of its business;n to guarantee a lease;w to pay a broker for effecting sales of the goods in which the corporation deals;w to make such an acknowledgment of a debt due by the corporation, it being a bank, as will take it ont of the statute of limitations;w to waive a provision in an order for goods, inserted by his direction, to the effect that delivery should be made to the manager or foreman of the corporation;81 to take a conveyance of land to himself in an attempt to save a debt due to the corporation, and his estate will be protected igainst consequent loss;w to assign mortgages given by the subscribers for their shares, the same being payable to him;M in the president of a street railway company to employ an engineer and bookkeeper for the term of one year;M to arrange to renew a debt due the corporation, it being a bank;M to certify under the charter that the note sued on is the bona fide property of the incorporated bank which sues;88 to authorize a broker to sell certain stock which the bank has taken to secure a loan;87 in the case of a bank, to draw, indorse, and receipt bills of exchange, give certificates of deposit, etc., in the course of ordinary daily business;w to assign a judgment recovered by the bank to a trustee for collection;w to offer a reward for information tending to the arrest of its absconding teller;w in case of a national bank, to guarantee commercial paper on making a sale thereof;" and to pledge the bank's deposit kept with another bank as security for loans made to the former.9...