Gridley v. Lafayette, Bloomington & Miss. Ry. Co.

Citations

• 71 Ill. 200

Syllabus

<p>1. Officers of railway company—right to compensation for services. The president and directors of a railway company, occupying the position of trustees of the funds and property of the company, are not entitled to .-my compensation for their ordinary services as such officers, unless the salary is fixed by the by-latv's or a resolution of the board, before the services are performed.</p> <p>2. If the finance committee of a railway company audits an account of the president of the company for ordinary services, and draws an order for its payment, where no compensation has been provided before the services were rendered, it will be illegal, and no recovery can be had upon the same.</p> <p>3. If the president of a railway company or a director performs extraordinary duties, not pertaining to his office, or expends money of his own while discharging the duties of his office, he will be entitled to recover for the same.</p>