JONES v. NORTH CAROLINA M. P. ASSN

Mr. J.M. Nickles, for appellant, cites: 90 S.C. 168, 175; 116 N.W. 524; 43 L.R.A. 390; Spelling, Corporate Management and By-Laws, sec. 83, p. 1114; 1 Cook Corporations (6th ed.), sec. 4; 87 S.C. 395; 77 S.C. 299; 2 May Ins., sec. 299; 1 A. E. Ann. Cas. 682, 684. Mr. Wm. N. Graydon, for respondent, cites: 94 U.S. 574; Elliott Ins. 61, 354; 128 U.S. 195. The contract is to be construed under the South Carolina law: Civil Code, secs. 2672, 2675; 84 S.C. 253; 77 S.C. 299; 87 S.C. 395; 11 A. E. Ann. Cas. 46.