952 INDEX. References are to the Sections. PRESUMPTIONS IN FAVOR OF VALIDITY, Etc.— (continued). that formalities have been observed, 251. in favor of regularity of directors' meetings, 261. in evidence, ordinary presumptions apply, 203. that restrictions on corporate powers have not been violated, 284. that money is not borrowed by a corporation in excess of authorized limit, 286. nor for an unauthorized purpose, 286. on part of seller of property that it is proper for corporation to pur- chase, 286. in favor of validity of municipal bonds, 328-332. in favor of foreign corporation, 390, note. PRESUMPTION OF KNOWLEDGE BY CORPORATION, 216. PRESUMPTION THAT PERSONS DEALING WITH A CORPORATION KNOW ITS POWERS, 195, 264, 389-391. PRINCIPAL, when dividends are to be treated as, 799-801. PRIVATE PROPERTY: what is, 171. cannot be taken without compensation, 163. PRIVILEGED COMMUNICATIONS OF OFFICERS TO MEMBERS OF CORPORATIONS, 342, note. PRIVILEGES, when exclusive to be strictly construed, 122. PROCESS, service on corporations, 143, 395-399. PROHIBITIONS, statutory. See Statutory Pkoiiibitions. PROMISSORY NOTES: corporations may issue, 125. of corporations are negotiable, 125, note. when president may issue, 202. issued by agents, 205. title in corporation cannot be questioned by promisor, 282. when issued in contravention of statute void, 298. PROMOTERS: not partners presumptively, 77. liability of, 74-84, 103. to parties with whom they contract, 76-79. for acts of other promoters, 77. for statements in prospectus, 77. to each other, 80, 81. contribution among, 81. to the corporation subsequently formed, 82-84. false statements of, 97, note. to account for secret profits, 82-84. to subscribers, 103. for preliminary deposits, 104, 106. right of, to indemnity from the corporation, 85. from each other, 80. to compensation, 81, 86. liability of corporation for acts of, 87-90.
