S. Cal. Colony Assn. v. Bustamente

Citations

• 52 Cal. 192

Syllabus

<p>Seat, of Cobfobation.—When the common seal of a corporation is affixed to an instrument in writing, purporting to be executed by it, and the signatures of the proper officers of the corporation are affixed to it and proved, Courts will presume that the officers did not exceed their authority, and the seal itself is prima facie evidence that it was affixed by proper authority.</p> <p>Idem.—In the absence of the common seal of a corporation, or of proof of facts from which the existence of a resolution of authorization or of the authority itself may be inferred, the authority of the officers of a corporation to execute a conveyance can only be established by resolution of the trustees entered in the proper book of the corporation, which should be in the office of the Secretary.</p>