Huntington v. Texas
Supreme Court of the United States
Error to the Supreme Court of the District of Columbia; the case being thus: The Uuited States, on the 1st of January, 1851, issued to . the State of-Texas for the sale of a.portion of her northwestern territory, five thousand coupon bonds of $1000 each, numbered successively from No. 1 to No. 5000, aud “ redeemable after the 3lst day of December, 1864.” They were made on-their face all payable “ to béare'r,” and declared to be transferable on delivery.
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Error to the Supreme Court of the District of Columbia; the case being thus: The Uuited States, on the 1st of January, 1851, issued to . the State of-Texas for the sale of a.portion of her northwestern territory, five thousand coupon bonds of $1000 each, numbered successively from No. 1 to No. 5000, aud “ redeemable after the 3lst day of December, 1864.” They were made on-their face all payable “ to béare'r,” and declared to be transferable on delivery. The coupons, which extended to December 31st, 1864, and no farther, were equally payable “ to bearer.” These bonds were known as Texas in-.…
1Opinion of the Court
The CHIEF JUSTICE
delivered the opinion of the court.
We have held in Texas v. White & Chiles, ‡ and Texas v. Hardenberg, §
1. That when a State by public statute requires the indorsement of its governor as a prerequisite to the valid transfer of bonds belonging to it, and payable to itself or bearer, the holder of such bonds, without such indorsement, will have no title as against the State, unless he can show the consent of the State otherwise given to the transfer.
2. That an act repealing.the statute requiring the indorsement of the governor, passed by the legislature when the State is in…
2Cited by4 opinions
- Morgan v. United StatesSupreme Court of the United States · 1885
- Parks, Brewer & Co. v. CoffeySupreme Court of Alabama · 1875
- New Orleans, St. Louis & Chicago Railroad v. StateMississippi Supreme Court · 1876
- Untitled Texas Attorney General Opinion, Texas Attorney General Reports1974