School Directors v. Sippy

This was an action against school directors in their corporate capacity, brought upon a promissory note, and a demurrer to the declaration having been overruled, judgment was rendered for the amount appearing to be due on the face of the note.

The law of 1865 authorizes school directors, upon a vote of the people, to borrow money for certain purposes and issue bonds therefor. It does not authorize them to execute promissory notes. Why the legislature required them to issue bonds as evidences of indebtedness, without giving them power to execute notes, we do not know, but it has done so, and…