OTTAWA V. NATIONAL BANK, 105 U. S. 342 (1881)

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U.S. Supreme Court

Ottawa v. National Bank, 105 U.S. 342 (1881)

Ottawa v. National Bank

105 U.S. 342


1. Hackett v. Ottawa, 99 U. S. 86, cited, and the doctrines therein set forth reaffirmed.

2. Municipal bonds in Illinois, payable to a person therein named or bearer, are transferable by delivery without endorsement, and the holder may sue in his own name to recover their contents.

3. Where, without express legislative authority, they are payable at a place in another state, quaere what law should govern in determining the rights of the holder who claims them by delivery only.

The facts are stated in the opinion of the Court.

Page 105 U. S. 343

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