Commissioners of Marion County v. Clark - 94 U.S. 278 (1876)
U.S. Supreme Court
Commissioners of Marion County v. Clark, 94 U.S. 278 (1876)
Commissioners of Marion County v. Clark
94 U.S. 278
1. A court is not required to submit evidence to the jury unless it be of such a character as would warrant a verdict for the party producing it and upon whom the burden of proof is imposed.
2. Where the title of the original holder of negotiable instruments which are infected with fraud, invalidity, or illegality is destroyed, that of every subsequent holder which rests on that foundation, and no other, falls with it.
3. Where the first endorsee, without notice of any prior equities between the original parties, purchases for value a negotiable instrument, the second endorsee, who acquires it before it is due and for value, takes a good title although he had notice of such equities.
4. Bonds issued pursuant to legislative authority by a municipal corporation in aid of a railroad company are negotiable instruments.
5. Town of Coloma v. Eaves, 92 U. S. 486, cited and approved.