The law of bills, notes and checks . rt of the corporation being intended for the benefit of the stock-holders cannot be taken advantage of by third parties. As to the transfer of negotiable paper by infants, see: Roach V. Woodhall, 91 Tenn. 206; Dan. Neg. Inst., Sec, 682. As to transfer by corporations, see: rOEM AND INTBBPEETATION 75 Willard v. Crook, 21 App. Div. (N. Y.) 237; Hess v. Sloane, 66 (N. Y.) 522; North Hudson v. Hudson Bank, 11 L. R. A. 845; PeoplesBank v. St. Anthonys Church, 109 N. Y. 512; Notes to Sec. 55. A treasurer of a manufacturing company has no power to make pr
The law of bills, notes and checks . rt of the corporation being intended for the benefit of the stock-holders cannot be taken advantage of by third parties. As to the transfer of negotiable paper by infants, see: Roach V. Woodhall, 91 Tenn. 206; Dan. Neg. Inst., Sec, 682. As to transfer by corporations, see: rOEM AND INTBBPEETATION 75 Willard v. Crook, 21 App. Div. (N. Y.) 237; Hess v. Sloane, 66 (N. Y.) 522; North Hudson v. Hudson Bank, 11 L. R. A. 845; PeoplesBank v. St. Anthonys Church, 109 N. Y. 512; Notes to Sec. 55. A treasurer of a manufacturing company has no power to make promis-sory notes in its name unless such power is expressly given to such officerby the by-laws of the corporation or by resolution of its board of directors,and one who deals with the officers or agents of a corporation is bound toknow their powers and the extent of their authority. Jacobus V. Jamestown Mantel Co., 211 N. Y. 161; Peoples Bank Anthonys Church, 109 N. Y. 525; Westchester Mtg. Co. v. Mclntyre,157 N. Y. Supp. Qj^,^. f^^ff^ftf^^^/
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