14 Ind. 383 | Ind. | 1860
Suit by Holley against Blake, upon a promissory note.
The note was given to the Crawfordsville, Frankfort, Kokomo, and Fort Wayne Railroad Company, and is alleged in the complaint to have been assigned by the company to the plaintiff, by delivery.
The complaint was demurred to because it did not set out and show the organization of the company. But this was unnecessary, as the execution of the note to the company admitted the fact. See Jones v. The Cincinnati Type Foundry Company, at this term
Another ground of demurrer was that a legal assignment was not shown of the note. A corporation may authorize its proper officer to assign a note by delivery. Perhaps it would be within the general power of the officers of a railroad company to assign, in such manner as they deemed expedient, the choses in action of the company. The assignment, therefore, nothing -appearing to the contrary, would be presumed valid. See Hamilton v. The Newcastle, &c., Railroad Co., 9 Ind. R. 359.
There were answers by way of confession and avoidance of the consideration of the note, the existence of the corporation, &c.; but on the trial no proof was offered to sustain them, and the note made out a prima facie case for the plaintiff.
Counsel seem to argue the appellant’s cause upon the ground that the second paragraph of the answer, setting up a failure of consideration, was held bad on demurrer;
The judgment is affirmed with 1 per cent, damages and costs.
Ante, 89.