Krider v. Trustees of Western College
Supreme Court of Iowa
Appeal from Lmn Cvrawit Oouri. The petition alleges, in substance, that the defendant is a corporation, organized under the laws of Iowa; that on the 16th day of October, 1868, the defendant, by its president, S. Weaver, made to Tobias Krider, now deceased, its promissory note as follows: “North Lebanon, October IQth, 1858. “ On or before the 1st day of April, 1861, the board of trustees of Western College of the United Brethern in Christ promise to pay Tobias Krider or his…
Read the full summary
Appeal from Lmn Cvrawit Oouri. The petition alleges, in substance, that the defendant is a corporation, organized under the laws of Iowa; that on the 16th day of October, 1868, the defendant, by its president, S. Weaver, made to Tobias Krider, now deceased, its promissory note as follows: “North Lebanon, October IQth, 1858. “ On or before the 1st day of April, 1861, the board of trustees of Western College of the United Brethern in Christ promise to pay Tobias Krider or his order the sum of five thousand three hundred dollars, with ten per cent interest from the 1st day of April, 1859,…
1Opinion of the CourtMiller, J.
l. principal rSifiáítfán : m part. — I. Thé special findings of the jury show that the note and mortgage sued on were executed by S. Weaver, in his capacity of president of the board of trustees of the college; that prior to, and at the time of, the execution of the same, he was authorized by said board to borrow money and contract indebtedness on behalf of the corporation; that, in pursuance of such authority, the indebtedness in this case was created; and that the making of the note ánd the creation of the debt were ratified by the board of trustees; respecting these facts there is no…
2Cases cited2 opinions
- City of Dubuque v. MillerSupreme Court of Iowa · 1861
- Middleton Savings Bank v. City of DubuqueSupreme Court of Iowa · 1863
3Cited by5 opinions
- Fuller & Co. v. HuntSupreme Court of Iowa · 1878
- Durham v. Carbon Coal & Mining Co.Supreme Court of Kansas · 1879
- Lane v. BlackWest Virginia Supreme Court · 1883
- Commerce Trust Co. v. ChandlerCourt of Appeals for the First Circuit · 1922
- Mannhardt v. Illinois Staats Zeitung Co.Appellate Court of Illinois · 1900