Michigan Supreme Court July 16, 1925, Docket No. 32. (First National Bank v. Michigan-Arkansas Oil Corp.)

McDonald, C. J.

This is an action on a promissory note payable to the plaintiff, made by the Michigan-Arkansas Oil Corporation, and indorsed in blank before delivery by the other defendants, who are all directors of the corporation. It was a renewal of a note originally given for $2,500 on which $1,000 had been paid. It was given on November 1, 1922, payable in 60 days.