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DRAPER V. SPRINGPORT, 104 U. S. 501 (1881)

U.S. Supreme Court

Draper v. Springport, 104 U.S. 501 (1881)

Draper v. Springport

104 U.S. 501


Where a town in New York subscribed for stock in a railroad company, and the commissioners, authorized to execute bonds in payment therefor, issued unsealed obligations, whereon a bona fide holder for value brought suit, held that the absence of a seal on the paper does not affect his right to recover.

The facts are stated in the opinion of the Court.

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