Foulkrod v. Quaker City Cold Storage Co.

Opinion by

Baldrige, J.,

The plaintiff brought suit against the defendant to recover the value of eighty-two coupons due May 1,1941, which were detached from the unregistered bonds issued by the defendant in the sum of $69,000. Fifty-six of these coupons called for a payment of $25 each, and twenty-six for $12.50 each, making a total of $1,725. The plaintiff averred he was “holder and owner” of the bonds; that the coupons accompanying the bonds were payable “to bearer” and “were detached and presented for payment by the plaintiff after the said maturity date......” and payment was refused.

In…