Village of Suring v. Suring State Bank

The decisive question in this case is, Was the action of the village or its officers in making the conveyance to the Suring Manufacturing Company ultra vires? The finding that the officers of the Suring State Bank and the bank, and the officers and the Suring Manufacturing Company had full notice, is amply sustained by the evidence. Neither the Suring Manufacturing Company nor the Suring State Bank is an innocent purchaser for value, and if the conveyance in question to the Suring Manufacturing Company was void as between it and the village it is void as to all parties. It is perfectly plain…