Board of Comm'rs of City and County of Denver v. Home Savings Bank

Citations

• 236 U.S. 101
• 35 S. Ct. 265
• 59 L. Ed. 485
• 1915 U.S. LEXIS 1303

Syllabus

<p>No exception or bill of exception is necessary to open a question of law apparent on the record where the record shows no waiver of rights of plaintiffs in error. Nalle v. Oyster, 230 U. S. 165.</p> <p>When a municipality is authorized to raise money by sale of bonds this court will take it that the authority extends to putting the bonds in the form that would be necessary to obtain a purchaser. And, this applies also to certificates of indebtedness.</p> <p>There is no essential- difference between bonds of a municipality and its certificates of indebtedness, and in this case held that the purchasers for value before maturity and in good faith of negotiable certificates of indebtedness of the City of Denver were entitled' to recover, and the defense that the authority to issue certificates did not authorize making them negotiable could not be maintained.</p>