A Treatise On the New York Manufacturing Corporation Act of 1848, And Business Corporation Act of 1875 : Together With Said Acts, As Amended, Extended And Modified to March, 1884, With Forms And By-Laws

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The amount of its existing debts.
These facts need not be stated " with technical or grammatical precision or accuracy, but they must sub- stantially appear." If the court can read these all in the report in any manner, it will do so, and where a report is made, and filed pursuant to the law, and there is no evidence indicating bad faith on the part of the trustees, the report will be liberally construed, the benefit of any doubt will be given the trustees, and it "wiU be brought within the sta
...tute if possible.® ■ Nay 0. Levy, 13 Weekly Dig. 428.
' Moore v. Mansert, 49 N. T. 333 ; Bonnell v. Griswold, 80 N. Y. 128.
' Victory Webb Printing Co. ». Beecher, 26 Hun, 48 ; Knox «. Bald- win, 80 N. Y. 610.
* Jones V. Barlow, 63 N. Y. 203 ; Kirkland v. Kille, 16 Weekly Dig.
227.
' Vernon v. Palmer, 14 Weekly Dig. 324 ; 45 Super. Ct. 231.
« Whitney Arms Co. v. Barlow, 63 N. Y. 63 ; reversing 6 J. & S. 554.
■40 LIABILITY OF TRUSTEES.
It is essential, however, that in every report it shall be possible to study out the three requisites above specified, and if there is any one of them which cannot be discovered from the report it is wholly de- fective.


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