Bailey v. . County of Buchanan
New York Court of Appeals
Appeal from order of the General Term of the Superior Court of the city of ¡New York, made February 14, 1887, which reversed a judgment of the Special Term and granted a new trial. This action was brought to recover the amount of ten coupons for the payment of $50, each representing the semiannual interest to become. due January 1, 1884, on ten bonds issued by the defendant, dated July 1, 1869. The material facts are stated in the opinion.
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Appeal from order of the General Term of the Superior Court of the city of ¡New York, made February 14, 1887, which reversed a judgment of the Special Term and granted a new trial. This action was brought to recover the amount of ten coupons for the payment of $50, each representing the semiannual interest to become. due January 1, 1884, on ten bonds issued by the defendant, dated July 1, 1869. The material facts are stated in the opinion. The coupons in suit, detached from the bonds, did not become thereby independent obligations of the defendant while in the hands of the owner of the bonds.…
1Opinion of the CourtEarl, J.
The defendant, on the 1st day of July, 1869, made and issued a large number of bonds, each for the payment to the St. Louis & St. Joseph Bailroad Company, or bearer, of $1,000, on the 1st day of July, 1889, with interest payable semi-annually, at the rate of ten per cent per annum, on presentation of the coupons thereto attached at the Bank of America, in the city of Hew York, with the right, however, at the option of the defendant, to redeem the bonds at any time' after ten years from their date. Some time prior to the 1st day of July, 1883, the plaintiff’s assignee became the owner of ten…
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- Carlisle v. Mercantile Trust Co.Court of Appeals for the Sixth Circuit · 1901
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