[DOWNLOAD] "Great Western Construction Co. v. N. C. Ribble Co." by New Mexico Supreme Court # Book PDF Kindle ePub Free

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eBook details

• Title: Great Western Construction Co. v. N. C. Ribble Co.
• Author : New Mexico Supreme Court
• Release Date : January 24, 1967
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 66 KB

Description

The record shows that Great Western Construction Company was incorporated under the laws of New Mexico on June 1, 1956. The original incorporators, first directors and officers were W. M. Purdon, president; W. H. Garrett, vice-president; and J. B. Womack, secretary-treasurer. During its corporate life, one William C. Morgan was the only person authorized to conduct all of the business of the corporation. Purdon was and still is considered a director and president of the corporation, but Morgan often signed papers as president. Meetings of the board of directors appeared to have been held only twice, the first in 1956 and the second in 1957. None of the directors participated actively in the business except to advise Morgan. The situation is further confused by the fact that records of the corporation were stolen from the Grants office in September 1958. The last business conducted by the corporation was in 1959. In its brief, appellant alleges that, prior to the filing of this suit, the corporation ceased to have corporate existence without being formally dissolved by its directors.

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