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" When a corporation has power, under any circumstances, to issue negotiable securities, the bona fide holder has a right to presume they were issued under the circumstances which give the requisite authority, and they are no more liable to be impeached... "
The American Decisions: Containing All the Cases of General Value and ... - Página 660
1888
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Reports of Cases Decided in the Court of Chancery of the State of ..., Volume 41

New Jersey. Court of Chancery - 1886 - 746 páginas
...which give the requisite authority, and such paper is no more liable to be impeached for any infirmity in the hands of such a holder than any other commercial paper. Gelpcke v. City of Dubuque, 1 Wall. 175, SOS; Supervisors v. Schenck, 5 Id. 772, 784 ! Hackcnsack Water...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 46

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1882 - 750 páginas
...which give the requisite authority ; and they are no more liable to be impeached for any infirmity in the hands of such a holder than any other commercial paper : Oelpake v. City of Dubuque 1 Wall. 203 ; Meyer v. Muscatine 1 Wall. 384 ; Supervisors v. Schenck...
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The American Law Register, Volume 7

1868 - 894 páginas
...under any circumstances, to issue negotiable securities, the decision of this court is, that the bond fide holder has a right to presume they were issued...faith, takes a legal title, and is no more subject to defences which might be made against a former holder, than he would be if he was the holder of negotiable...
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Cases Argued and Adjudged in the Supreme Court of Florida, Volume 13

Florida. Supreme Court - 1871 - 808 páginas
...which give the requisite authority, and they are no more liable to be impeached for any informality in the hands of such a holder than any other commercial paper." It was insisted, under the provisions of the constitution of Iowa, that the general grant of power...
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The Central Law Journal, Volume 12

1881 - 638 páginas
...which give the requisite authority, and they are no more liable to be impeached for any infirmit3- in the hands of such a holder, than any other commercial paper;" and this rule is applied as well to municipal И Dodge v. Woolsey, 18 How. 331, 341-5; Dillon Mun....
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The American Law Times Reports, Volume 2

1875 - 788 páginas
...circumstances which give the requisite authority, and they are no more liable to be impeached for any infirmity in the hands of such a holder than any other commercial paper." See Gelpcke v. Dubuque, 1 Wall. 203, and numerous cases there cited. See also Moran v. Miami Co. 2...
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Cases Argued and Determined in the Circuit Courts of the United ..., Volume 2

United States. Circuit Court (5th Circuit), William Burnham Woods - 1876 - 812 páginas
...which give the requisite authority, and they are no more liable to be itopeached for any infirmity in the hands of such a holder than any other commercial paper." See Gelpcke v. Dubuque 1 Wall., 203, and numerous cases there cited. See also Moran v. Miami Co., 2...
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Cases Argued and Adjudged in the Supreme Court of the ..., Volume 1;Volume 68

United States. Supreme Court - 1866 - 834 páginas
...circumstances which give the requisite authority, and they are no more liable to be impeached for any infirmity in the hands of such a holder than any other commercial paper.* If there were any irregularity in taking the votes of the electors or otherwise in issuing the bonds,...
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The Central Law Journal, Volume 8

1879 - 552 páginas
...that they were issued ander the circumstances which gave the requisite authority, and they are no more to be impeached in the hands of such a holder than any other commercial paper." Lexington v. Butler, 14 Wall. 282. Such are the mischievous and alarming consequences of the unsound...
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The Federal Reporter, Volume 136

1905 - 1120 páginas
...which give the requisite authority, and that they are no more liable to be impeached for any infirmity, in the hands of such a holder, than any other commercial paper.' City of Lexington v. Butler, 14 Wall. 296, 20 L. Ed. 809." In 3 Cook on Corporations (5th Ed.) § 761,...
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