Smith v. Woodville Consol. Silver Mining Co.

Citations

• 66 Cal. 398
• 5 P. 688
• 1885 Cal. LEXIS 455

Syllabus

<p>Corporation—Contract for Salary—Resolution of Directors—Evidence.—A resolution of tbe board of directors of a corporation, reciting that the salary of its president was fixed at a certain amount during the preceding year, is an admission that the salary was so fixed, and is competent evidence of the fact. But such resolution is not evidence of a contract for a salary prior to that time.</p>