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act shall take addition amend section amended amount annually application appointed appropriated Assembly auditor authorized board of education bonds building CARL cause cent certificate charge clerk collected commissioners compensation contract corporation cost council county commissioners court deemed duties effect election enacted entitled examination exceed exceeding expenses F. B. ARCHER fees filed fire five force fund grade hereby hereby authorized hereby repealed House Bill House of Representatives hundred dollars improvement interest issue judge lands less levy manner March ment municipal necessary NIPPERT notice paid party passage Passed April payable payment person police President read as follows receive Revised Statutes road salary school district secretary Senate Speaker Statutes of Ohio stenographer take effect term thence thereof tion township treasurer trustees village vote W. S. MCKINNON
Página 195 - A negotiable promissory note within the meaning of this, act is an unconditional promise in writing made by one person to another signed by the maker engaging to pay on demand, or at a fixed or determined future time, a sum certain- in money to order, or to bearer.
Página 178 - Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as holder in due course.
Página 187 - Where a negotiable instrument is materially altered without the assent of all parties liable thereon, it is avoided, except as against a party who has himself made, authorized or assented to the alteration, and subsequent indorsers.
Página 172 - ... the delivery may be shown to have been conditional, or for a special purpose only, and not for the purpose of transferring the property in the instrument.
Página 169 - An instrument to be negotiable must conform to the following requirements : 1. It must be in writing and signed by the maker or drawer. 2. Must contain an unconditional promise or order to pay a sum certain in money.
Página 186 - A negotiable instrument is discharged: 1. By payment in due course by or on behalf of the principal debtor; 2. By payment in due course by the party accommodated, where the instrument is made or accepted for accommodation ; 3. By the intentional cancellation thereof by the holder; 4. By any other act which will discharge a simple contract for the payment of money; 5. When the principal debtor becomes the holder of the instrument at or after maturity in his own right.
Página 171 - An instrument is payable on demand — 1. Where it is expressed to be payable on demand, or at sight, or on presentation; or 2. In which no time for payment is expressed. Where an instrument is issued, accepted, or indorsed when overdue, it is, as regards the person so issuing, accepting, or indorsing it, payable on demand.
Página 96 - The sale in bulk of any part or the whole of a stock of merchandise, otherwise than in the ordinary course of trade and in the regular and usual prosecution of the seller's business...
Página 171 - The instrument is payable to bearer : 1. When it is expressed to be so payable ; or 2. When it is payable to a person named therein or bearer ; or 3. When it is payable to the order of a fictitious or non-existing person, and such fact was known to the person making it so payable ; or THE NEGOTIABLE INSTRUMENTS LAW.
Página 172 - But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.