New York Court of Appeals
The City Bank of Columbus v. . Bruce and Fox.
June 5, 185817 N.Y. 507
Summary
The Court affirmed the judgment, holding that the promissory note was valid and the plaintiff had title, that the corporation could receive and re‑issue its own stock without creating new capital unless it elected to diminish capital, that the charter's original‑subscription requirements did not apply, that a joint contract obtained by fraud on one party is void as to both, and that a co‑defendant could be excluded as a witness under the Code.