Illinois Appellate Court
Civil Court
Corporations
Defendant, as Secretary/Treasurer of family corporation, and as power of attorney for her father, signed lease agreement with her boyfriend, and signed promissory note for $450,000 as compensation a third party had previously performed for company. Note stated it was lien upon all assets of company. Note's lien improper, because it was not pursuant to Board authorization via resolution, thus secretary/treasurer not authorized to make note, and summary judgment to plaintiffs proper.