Mutual Adjustment Co. v. Ouellette

Citations

• 70 Wash. 693
• 127 P. 301

Syllabus

<p>Corporations — Officers — Salaries—Resolution—Construction. A resolution fixing tbe salaries of two officers of a corporation at $50 and $30 per week, “it being understood that tbe said salaries would be paid out of tbe net proceeds of tbe business,” makes tbe salaries conditional, and tbe only fund out of wbicb tbey can be paid is tbe net proceeds during tbe time tbe offices were beld.</p>