National Bank of Commerce v. Town of Granada
Court of Appeals for the Eighth Circuit
In Error to the Circuit Court of the United States for the District of Colorado. Action by the National Bank of Commerce of Kansas City, Mo., against the town of Granada, state of Colorado, to recover on certain town bonds. The circuit court gave judgment for plaintiff. 41 Fed. Bep. 87. A new trial was thereafter granted, (44 Fed. Bep. 262,) and judgment thereon given for defendant, (48 Fed. Bep. 278.) Plaintiff brings error.
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In Error to the Circuit Court of the United States for the District of Colorado. Action by the National Bank of Commerce of Kansas City, Mo., against the town of Granada, state of Colorado, to recover on certain town bonds. The circuit court gave judgment for plaintiff. 41 Fed. Bep. 87. A new trial was thereafter granted, (44 Fed. Bep. 262,) and judgment thereon given for defendant, (48 Fed. Bep. 278.) Plaintiff brings error. Statement by CARD WELL, Circuit Judge: This action is founded on interest coupons cut from bonds purporting, on their face, to have been issued by “the city of Granada,…
1Opinion of the Court
CALDWELL, Circuit Judge,
(after stating the facts.) Unwonted haste and great irregularities characterized all the proceedings leading up to the issue of the bonds in suit. The town received no consideration for them; and if they had remained in the hands of 1 )oak, to whom they ivere originally issued, he could not have recovered upon them. Whether the plaintiff, as a purchaser for value, without notice of the frauds which would avoid the bonds in the hands of Doák, is in any better position, turns upon the question whether the officers of the town, who issued them, liad any lawful authority…
2Cases cited1 opinion
- Dixon County v. FieldSupreme Court of the United States · 1884
3Cited by17 opinions
- National Life Ins. Co. of Montpelier v. Board of EducationCourt of Appeals for the Eighth Circuit · 1894
- City of Alma v. Guaranty Sav. BankCourt of Appeals for the Eighth Circuit · 1894
- Marth v. City of KingfisherSupreme Court of Oklahoma · 1908
- Town of Aurora v. GatesCourt of Appeals for the Eighth Circuit · 1913
- Town of Fletcher v. HickmanCourt of Appeals for the Eighth Circuit · 1908
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