Court Opinion

ID: 9828770
Source: CourtListenerOpinion
Date Created: 2023-09-01 18:43:35.640432+00
Date Added: 2024-06-11T07:42:53.005223
License: Public Domain

On Motion for Rehearing.
[2] We were, perhaps, not literally correct in stating in our original opinion that “no meeting of the stockholders was ever thereafter had, save that they appointed J. W. Moore as general manager with full authority as by him before exercised.” This is possibly misleading, in that the statement implies that there is direct evidence of a meeting of the board of directors after the incorporation of the milling company. Possibly the evidence as a whole authorizes this conclusion, but the only witness who so testified on the subject says there was no such meeting when a quorum was present. We regard this, however, as immaterial, for the evidence shows that there were meetings by the persons who were designated as directors in the charter before and at the time the charter was forwarded to the Secretary of State for approval and in which Moore was agreed upon as general manager. The evidence further shows that after the issuance of the charter Moore transacted all business for the corporation as the general manager, and under the evidence in the case it is inconceivable that the board of directors was without knowledge of his acts and of the authority he exercised. This being true, we think the corporation cannot now be heard to say that he was without authority. We think the motion for rehearing should be overruled, and it is so ordered.