City of Lansing v. Wood
Michigan Supreme Court
Error to Ingham. (Gridley, J.) Debt. Defendants bring error. Whether a fiscal officer cannot transfer funds to his successor by certificates of deposit (Eyles v. Ellis 4 Bing. 112; 2 Pars. Cont. 625) which have the same effect, though expressly payable in current funds, as though not made so, if there is no evidence that any medium of payment is meant that is not as good as gold: Phcenix Ins.
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Error to Ingham. (Gridley, J.) Debt. Defendants bring error. Whether a fiscal officer cannot transfer funds to his successor by certificates of deposit (Eyles v. Ellis 4 Bing. 112; 2 Pars. Cont. 625) which have the same effect, though expressly payable in current funds, as though not made so, if there is no evidence that any medium of payment is meant that is not as good as gold: Phcenix Ins. Go. v. Allen 11 Mich. 501; Phcenix Go. v. Gray 13 Mich. 191; Phelps v. Town 14 Mich. 374; see Strony v. Hart 6 B. & 0. 160; Vernon v. Boveric 2 Show. 296; Guardians, déc. v. Greene 1 H. & N. 884; Eyles…
1Concurrence
Cooley, O. J.
In the opinion of my brother Champlin, so far as concerns the right of the defendants to show that the act of Wood in delivering to his successor, and the act of the successor in receiving certain certificates of deposit had been ratified by the common council, I concur.
As to the moneys belonging to the school fund, it appears that they were accounted for by Wood to the treasurer of the board of education, and, by consent of the latter, the banking house of Eugene Angelí issued to him certificates of deposit therefor. This banking house was at the time in *205good repute, and the…
2Cases cited17 opinions
- Marine Bank v. Fulton BankSupreme Court of the United States · 1865
- Planters' Bank v. Union BankSupreme Court of the United States · 1873
- People v. McKinneyMichigan Supreme Court · 1862
- Harris v. HardemanSupreme Court of the United States · 1853
- Thompson v. RiggsSupreme Court of the United States · 1867
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