The Commercial Bank of Australia Limited v Furey and Associates Limited (in Liquidation) - [1954] NZLR 851

Company Law — Resolution — Entry in Minute-book — Authority given to Bank to honour Cheques signed by Named Persons — Later, Minute or Resolution of Company, Signed by Two Directors, authorizing Bank to honour Cheques, etc., signed by Secretary only — Entry in Minute-book either Directors' entry or Company Entry insufficiently Signed — Article providing Cheques sufficient if signed by Certain Designated Officer — Such Article Declaratory only and not Restrictive of Directors' General Powers given by Management Clause in Articles to authorize Any Person to sign Cheques — Directors empowered to authorize Secretary to sign Cheques on Behalf of Company — Companies Act, 1933, s 300.