71 Ind. 357 | Ind. | 1880
The appellee recovered judgment below against the appellants Johnson and Click, and against Charles H. L. Poock, who does not join in the appeal.
The errors assigned have reference to rulings of the court made against Johnson only.
The court overruled Johnson’s demurrer to the complaint, and sustained demurrers to several paragraphs of his answer; but on these rulings a single question is made.
It is claimed that the note sued on, which bears date June 14th, 1877, was given for money loaned by the appellee to said Poock, who was not a member or stockholder in said corporation; that Johnson.and Click signed the note as sureties only for said Poock; and upon these facts, and under the provisions of the act of March 11th, 1875, it is claimed that the company’s right to make loans is limited to its own stockholders ; and it is further insisted that the statute of March 13th, 1877, section 1, makes no material amendment to section 3 of the statute of March 11th,
There is no mistaking what act was intended to be amended, the whole title being correctly set out, and we should hardly deem it necessary or justifiable to annul an act on so narrow ground as is suggested. However, we need decide nothing in this respect.
If it were conceded, as counsel claim, that appellee exceeded its powers in making the loan and taking the note, in suit, it does not follow that the note should not and can not be enforced against the makers. Appellants and their principal were under no incapacity to borrow, and to give their note for the amount of the loan, and their unwillingness to pay, according to their promise, can not be justified under a plea that the lender had no right to give the credit. The law may have its. reproaches, but this is not one of them. See authorities cited and largely quoted in the case of The State Board of Agriculture v. The Citizens Street Railway Co., 47 Ind. 407; National Bank v. Matthews, 8 Otto, 621.
It is claimed that the “ court erred in rendering final judgment against said appellant Francis Johnson, when there were issues of fact joined between him and the appellee, said issues then and yet remaining undisposed of. ”
The record shows that Johnson filed an answer of general denial and three or four special pleas, to which demurrers were sustained, except one to which the plaintiff filed a reply in general denial, and Johnson then filed another paragraph of answer, to which a demurrer was sustained ; whereupon Johnson refused to plead further, and the other defendants, being under rule to answer, also re
The judgment of the Superior Court is affirmed, with costs.