New York Security & Trust Co. v. City of Tacoma

Citations

• 21 Wash. 303
• 57 P. 810
• 1899 Wash. LEXIS 280

Syllabus

<p>MUNICIPAL CORPORATIONS-WARRANTS — LIABILITY FOR PAYMENT — EFFECT OF LOSS OF FUNDS.</p> <p>City warrants regularly issued by tbe proper officers, and in tbe bands of innocent purchasers, would not be affected by tbe subsequent loss of bank deposits applicable to tbeir payment, arising through tbe insolvency of tbe banks.</p>