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How to Run a Corporation a Revised Treatise And Commentary On the Formation I

Cover How to Run a Corporation a Revised Treatise And Commentary On the Formation I
How to Run a Corporation a Revised Treatise And Commentary On the Formation I
A J Daggs
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St. 33.
Th'e coupons attached to the bond are independent con- tracts for the payment of interest when they are detached, and they are in law treated and regarded as currency blank bills or as the original bonds, and the possession of such a contract or coupon, is- presumptive evidence of the right to receive the interest covered by them.
Thompson vs. Lee County, 3 Wall. 327; Cromwell vs. County of Sac. , 94 L T . S. 351, 362 ; San Antonio vs. Lane, 32 Tex. 405 ; Spooner vs'. Holmes, 102 Mass.
...503 ; Under- bill vs. Trustees, 17 Cal. 172; Morris Canal Co. Vs. Fisher, 1 Stock. T. Ch. 667; Evertson vs. Nat. Bank, 66 N. Y. 14; Murray vs. Lardner, 2 Wall. 110; Commonw. Vs. Emigrant, etc. Bank, 98 Mass. 12; Clarke vs. Janes- 262 INDUSTRIAL CORPORATIONS ville, 1 Biss. 98; McCoy vs. Washington County, 3 Wall. Jr. 381 ; Burroughs vs. Richmond County, 65 No. Car. 234; Nat. Exchange Bank vs. Hartford, etc. R. R. Co. , 8 R. 1. 375; Cicero vs. Clifford, 53 Ind. 191.
The power fo issu bonds and the manner in which they shall be issued depends upon the statutes under which they are issued, and if there is a mode or manner of issuing bonds provided by statute, that mode must, be carefully followed, else the bond will be invalid.


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