Gibson v. Erie

Supreme Court of Pennsylvania

Gibson v. Erie

46 A. 102, 196 Pa. 7, 1900 Pa. LEXIS 461

CourtSupreme Court of Pennsylvania

DecidedMay 7, 1900

DocketAppeal, No. 132

StatusPublished

This text of 46 A. 102 (Gibson v. Erie) is published on Counsel Stack Legal Research, covering Supreme Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Gibson v. Erie, 46 A. 102, 196 Pa. 7, 1900 Pa. LEXIS 461 (Pa. 1900).

Pincite

Opinion

Per Curiam,

Beyond all question the plaintiff never lost the ownership of her bonds by leaving them as a special deposit with the Keystone National Bank. The fact that the bank collected her coupons and sent her the proceeds did not in the least impair her own title to the bonds. The bank was the agent of the city for the purpose of paying the interest, and was also its agent for the payment of the principal to the extent of $40,000 when that amount was deposited by the city for that purpose. The plaintiff has the bonds and is entitled to have the money for them from the city.

Judgment affirmed.

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Per Curiam,

Beyond all question the plaintiff never lost the ownership of her bonds by leaving them as a special deposit with the Keystone National Bank. The fact that the bank collected her coupons and sent her the proceeds did not in the least impair her own title to the bonds. The bank was the agent of the city for the purpose of paying the interest, and was also its agent for the payment of the principal to the extent of $40,000 when that amount was deposited by the city for that purpose. The plaintiff has the bonds and is entitled to have the money for them from the city.

Judgment affirmed.

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Bluebook (online)

46 A. 102, 196 Pa. 7, 1900 Pa. LEXIS 461, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gibson-v-erie-pa-1900.