United States Express Co. v. Koerner

The defendant, as treasurer of tbe state of Minnesota, purchased from the former owners 20 registered United States government bonds of the face value of $10,000 each, or a total face value of $200,000, for which he paid the sum of $234,000, as an investment of the permanent school funds of this state. The bonds were all registered in the names of such former owners, and were by them duly assigned, on the back thereof, to the state. Defendant, desiring to have the bonds canceled and reissued to the present owner, delivered them in a sealed envelope at St. Paul, Minn., to the plaintiff express…