1. Although, as a general rule, bonds issued by a corporation for the purpose of procuring loans and made payable to bearer, are nego- 5. tiable, when such instruments con- tain special stipulations and their payment is subject to contingencies, not within the control of the hold- ers, they are deprived thereby of the character of negotiable in- struments, and are subject, in the hands of a transferee, to any de- fense existing thereto that would be available if they were still held by the original payee. McClelland v. N. S. R. R. Co. 469
4. Where, therefore, in an action to recover the amount of certain interest coupons cut from, and on their face referring to bonds issued by a railroad company, which bonds and the mortgage given to secure the same, contained condi- tions that the time of payment of principal and interest might be changed and postponed from time to time at the option of a majority of the holders of the series of bonds issued simultaneously with those from which the coupons were taken; held, that they were not negotiable instruments; that the holder was chargeable with notice
of the terms of the bonds; and that if the payment of interest had been postponed in accordance with the condition of the bonds, until the period of extension had expired, an action at law could not be maintained upon the cou- pons, although plaintiff had not assented to the postponement. Id.
Where, however, by the terms of the bonds and mortgage, "in case of default" in payment of interest, a majority of bondholders were authorized to waive the de- fault and to instruct the mort- gage trustees so to waive it, and it was expressly provided that no action on the part of the bond- holders or trustees, "in case of any default, shall affect any sub- sequent default, or any right aris- ing therefrom." Held, that the bondholders had no authority to anticipate and provide for a de- fault in the payment of interest before it accrued; that every bond and coupon holder had the right to insist that the conditions of the exercise of the power should be exactly complied with; and that a written instruction by a majority of the bondholders to the trustees to postpone the payment of interest for five years, was inoperative and no defense to an action upon cou- pons subsequently falling due. Id.
6. As to whether, in such case, a waiver by a majority of the bond- holders, after default in payment of interest, would affect an action then pending for the recovery of interest coupons, quære. Id.
7. Where the common council of the city of Buffalo, upon application made to it, consented to the con- struction of a railway in certain of the city streets, published a notice of sale, as prescribed in the statute, and the city comptroller awarded the franchise to the high est bidder, but that officer required a bond containing conditions not required by the statute, the resolu- tion of the common council or the notice of sale, and refused to accept a bond containing all the prescribed conditions because it did not con- tain those so required by him, while expressly admitting that the
penalty of the bond and the sureties were satisfactory, held, that the comptroller had no right to exact a bond, such as was required by him, but was bound to accept and approve of the bond presented; and that the purchaser was entitled 1. to a mandamus to compel such ac- ceptance and approval. People ex rel. v. Barnard. 548
8. Certain other conditions contained in the bond presented were not ob- jected to by the comptroller, and were mainly for the performance of such things as the law, with- out any agreement, requires the purchaser to perform. Held, that such conditions were not illegal or against public policy: and that it could not be claimed, as an objec- tion to the issuing of the writ, that the bond would be void, as given colore officii, because it was volun- tarily tendered to obtain a fran- chise, and certainly, after having compelled the comptroller by man- damus to accept and approve the bond, it could not be maintained by the obligors that it was illegally exacted.
9. B., one of two co-administrators, who had united in giving a bond with sureties for the faithful exe- cution of their duties, misappro- priated a portion of the funds of the estate. His letters of admin- istration were thereupon revoked upon petition of plaintiff, the other administrator. Plaintiff then com- menced proceedings against B. for an accounting, which resulted in a decree directing B. to pay the sum so misappropriated. The de- cree was duly docketed, execution issued and returned unsatisfied. Upon petition of plaintiff the sur- rogate directed an assignment to him of the bond and gave him permission to bring suit thereon in behalf of the estate. In an ac- tion so brought, held, that the pro- ceedings in Surrogate's Court were regular and valid; and that, assuming plaintiff, as one of the principals in the bond, would in- dividually be bound to indemnify the sureties for any sum recovered, still he was authorized in his rep- resentative capacity to maintain the action. (Code of Civil Pro-
Upon the trial of an indictment for bribery, it was alleged, on the part of the prosecution, that de- fendant, as a member of the board of aldermen of the city of New York, in combination with other members of the board and for a sum of money paid to them for their votes, voted for a resolution grant- ing to a street railroad corporation the right to lay its tracks on Broad- way in said city. The prosecution was allowed to prove, under objec- tion and exception, that another of the aldermen, alleged to have been engaged in the conspiracy, had been indicted for bribery and had not been brought to trial; also, that four persons implicated in the bribery were at the time of the trial, and for some time previous thereto, had been out of the juris- diction and were residing in Canada. This proof was offered as corroborative of two of the alleged conspirators who had been called as witnesses for the prose- cution and had testified to facts showing the commission of the crime charged. Held, that the evi- dence was incompetent for this or any other purpose. People v. McQuade.
Defendant proved that one of the conspirators so testifying for the prosecution had been called as a witness before a committee of the state senate some two years after the accomplishment of the alleged conspiracy, and had then denied, under oath, the existence of the facts testified to by him on the trial. The prosecution was permitted to prove, under objection and excep- tion, that just before his examina- tion before said committee he had a consultation with another of the alleged conspirators and was directed by the latter as to how he should testify. Held, error. Id.
As, by statute, the primary re- sponsibility for the maintenance
and repair of highway bridges in a town is cast upon the town (1 R. S. 502, §§ 2, 3, 4, chap. 274, Laws of 1832; chap. 65, Laws of 1857; chap. 108, Laws of 1858; chap. 700, Laws of 1881), it has such an interest in the preservation of such a bridge as gives it a right of ac- tion against any person who, inten- tionally or by negligence, injures it, making repair or rebuilding necessary, to recover the expense incurred. In re Bidelman v. State.
1. An action against a stockholder in a limited liability company_or- ganized under the Business Cor- porations Act" of 1875 (Chap. 611, Laws of 1875), to recover a debt of the corporation under the provision of the act (37), making such a stockholder liable for the debts of the company to an amount equal to his stock until the whole amount of capital stock has been paid in and certificate filed, may be main- tained after a suit has been com- menced against the corporation but before judgment against it. Walton v. Coe. 109
1. Where the common council of the city of Buffalo, upon application made to it, consented to the con- struction of a railway in certain of the city streets, published a notice of sale, as prescribed in the statute, and the city comptroller awarded the franchise to the highest bidder, but that officer required a bond containing conditions not required by the statute, the resolution of the common council or the notice of sale, and refused to accept a bond containing all the prescribed con- ditions because it did not contain those so required by him, while ex- pressly admitting that the penalty of the bond and the sureties were satisfactory, held, that the comp- troller had no right to exact a bond, such as was required by him, but 2. was bound to accept and approve of the bond presented; and that the purchaser was entitled to a mandamus to compel such accept- ance and approval. People ex rel. v. Barnard.
2. Certain other conditions contained in the bond presented were not ob- jected to by the comptroller, and were mainly for the performance of such things as the law, without any agreement, requires the pur- chaser to perform. Held, that such conditions were not illegal or against public policy; and that it could not be claimed, as an objec- tion to the issuing of the writ, that the bond would be void, as given colore officii, because it was volun- tarily tendered to obtain a fran-
SICKELS-VOL. LXV. 88
The remedy of the creditor suing, after recovery of judgment against the stockholder, is simply sus- pended until after judgment and execution against the corporation and return thereof unsatisfied. Id.
Kring v. Missouri (107 U. S. 21), dis- | People v. Auditors, etc. (75 N. Y. 316), tinguished. People v. Cignarale. distinguished. In re Bidelman v. 32 State.
M. A. B. Church v. O. S. B. Church (46 N. Y. 131; 73 id. 82), distin- guished. Lynch v. Pfeiffer. 41
Streeter v. Shultz (45 Hun, 406), dis- tinguished. Peck v. Peck. 74
Mandeville v. Solomon (39 Cal. 125), distinguished. Peck v. Peck. 76 Booth v. C. R. M. Co. (74 N. Y. 15), distinguished. Hornbostel v. Kin- ney. 99 Wilson v. Doran (46 Hun, 88), re- versed. Wilson v. Doran. 101 In re City of Rochester (46 Hun, 651), reversed In re City of Rochester. 159 Tarbell v. R. E S. Co. (21 J. & S. 190), reversed. Tarbell v. R. E. S. Co. 170
People v. Kearney (47 Hun, 129), re- People v. Casey (6 N. Y. 115), versed. People v. Kearney. 188 People v. McQuade. 302-
People v. Carpenter (102 N. Y. 238), dis- tinguished. People v. McQuade. 302
In re Carpenter (45 Hun, 552), re- versed in part. In re Cornell. 351 Milliken v. W. U. Tel. Co. (21 J. & S. 111), reversed. Milliken v. W. U. Tel. Co. 403 People v. Krank (46 Hun, 632), re- versed. People v. Krank. 488
People ex rel. Breslin v. Lawrence (107 N. Y. 607), distinguished. Peo- 511 ple ex rel. Burnham v. Jones.
People ex rel. W. S. St. R. Co. v. Barnard (48 Hun, 57), reversed. People ex rel. W. S. St. R. Co. v. Barnard. 548
Snell v. Levitt (39 Hun, 227), reversed. Snell v. Levitt 596
Nanz v. Oakley (37 Hun, 492), dis- tinguished. Sperb v. McCoun. 610
Wadsworth v. Lyon (93 N. Y. 201),
distinguished. Cole v. Cole. 632
1. Where, upon charges preferred against a member of the police force of the city of New York, a dereliction of duty on the part of the accused is proved, such as, under the rules governing that force, authorizes a dismissal from the service, and the evidence for the accused simply establishes pal- liating circumstances, the question as to the sufficiency of the excuse is addressed solely to the discre- tion of the police commissioners; it presents no question of law or fact for the courts, and so a deci- sion of the commissioners in such case removing the accused is not reviewable on certiorari. People ex rel. v. French.
2. Such a case is not within the pro- vision of the Code of Civil Pro- cedure (2140), authorizing the Supreme Court, upon certiorari, brought to review the proceedings of a body or officer, where there was competent proof of all the facts necessary to authorize the de- cision sought to be reviewed, to determine whether there was such a preponderance of proof against the existence of any of the facts, "that the verdict of a jury, affirm- ing the existence thereof, would be set aside by the court as against the weight of evidence."
1. Every statutory provision intended for the benefit of the defendant in a criminal action confers a substan- tial right which may not be disre- garded without his consent. People v. McQuade. 284
2. The provision of the Code of Crim- inal Procedure (§ 385), declaring
3. Where, therefore, upon a criminal trial neither party exercised the right of peremptory challenge until after the box was full, when the district attorney challenged per- emptorily certain of the jurors, and others having been selected to take their places, he declared himself content, and after the defendant had exercised his right the prosecution, against the objection and exception of the defendant, was permitted to challenge peremptorily other jur- ors who were in the box when the district attorney declared himself content. Held, error; and that the error was a substantial one requir- ing a reversal.
4. It seems that under the provision of said Code (§ 455), explicitly con- fining exceptions which may be taken by a defendant on the trial of an indictment, in allowing or disallowing a challenge to a juror for actual bias, to exceptions made to the decision of the court on matter of law, the decision of the trial court on the question of the indifferency of a juror is not re- viewable except in the absence of any evidence to support it; and so, where the challenge is overruled, the decision may not be reviewed unless the evidence discloses a con- dition of mind on the part of the juror which, as matter of law, ren- ders him incompetent, for actnal bias. Id.
1. One M. and defendant entered into a contract by which it was agreed that, in consideration of
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