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