A Treatise On the Law of Negotiable Instruments, Including Bills of Exchange; Promissory Notes; Negotiable Bonds And Coupons; Checks; Bank Notes; Cetrificates of Deposit; Cetificates of Stock; Bills of Credit; Bills of Lading; Guaranties; Letters of Credi

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1.
THE FORMAL PARTS OP BOXDS AND COUPOlifS. 451 town of Genoa to issue "bonds," and instruments were is- sued with coupons attached, and formal in all respects except that they bore no seals, it was held that they were valid bonds notwithstanding.^ The like view has also pre- vailed in Maine.*^ And in Virginia, where no seals were discoverable in a certain number of the instruments issued by the Virginia and Tennessee Railroad Company styled bonds, and having coupons attached, while on others i
...n the same suit the seals appeared, being distinctly impressed by an in- strument on the paper, it was held that those without were as valid as those with seals, there being: nothing: iu the act of assembly which required that seals should be used.^ In a case before the U. S. Supreme Court, it was said by Swayne, J. : "The principal securities delivered to the com- pany were not bonds, because they were unsealed ; but this is immaterial. The twelfth section under which they were issued, expressly declared that those charged with the duty of subscribing may issue bonds bearing interest, or other- wise pledge the faith of the city." * But we do not think these remarks necessarily conflict with the views of the text.

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