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acceptance Act relating act shall take ACT to amend ad valorem tax amend an act amend and re-enact amount appointed Approved March 21 Assembly Auditor of Public became a law Beckham Beckham county bill board of trustees bonds Boyd county Carter county certificate CHAPTER circuit court commissioners Commonwealth of Kentucky contract corporation court clerk Crittenden county deemed dental dishonor dollars per annum drawee drawer duty election Elliott county enacted entitled An Act filing fiscal court fund Governor graded common school hereby amended hereby repealed hundred dollars indorsement instrument issued Kentucky Statutes levy liable March 17 ment Monday monwealth of Kentucky negotiable negotiable instrument notice paid party payable person Public Accounts purpose read as follows receive record red clover registered residence School Book Commission sheriff take effect thereto thousand dollars tion town treasurer tucky twelve juridical days warrant words
Page 239 - 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.
Page 215 - But nothing in this section shall alter or repeal any statute requiring in certain cases the nature of the consideration to be stated in the instrument.
Page 219 - Where a signature is forged or made without the authority of the person whose signature it purports to be, it is wholly inoperative, and no right to retain the instrument, or to give a discharge therefor, or to enforce payment thereof against any party thereto, can be acquired through or un.der such signature, unless the party, against whom it is sought to enforce such right, is precluded from setting up the forgery or want of authority.
Page 237 - 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; • 6.
Page 251 - Holder" means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof.
Page 214 - An unqualified order or promise to pay is unconditional within the meaning of this Act, though coupled with: 1. An indication of a particular fund out of which reimbursement is to be made, or a particular account to be debited with the amount; or 2. A statement of the transaction which gives rise to the instrument; but an order or promise to pay out of a particular fund is not unconditional.
Page 199 - Two of the members in office shall constitute a quorum for the transaction of the business of the Board.
Page 228 - As respects one another, indorsers are liable prima facie in the order in which they indorse; but evidence is admissible to show that as between or among themselves they have agreed otherwise. Joint payees or joint indorsees who indorse are deemed to indorse jointly and severally.
Page 227 - Where a person, not otherwise a party to an instrument, places thereon his signature in blank before delivery, he is liable as indorser in accordance with the following rules: 1. If the instrument is payable to the order of a third person he is liable to the payee and to all subsequent parties. 2. If the instrument is payable to the order of the maker, or drawer, or is payable to bearer, he is liable to all parties subsequent to the maker or drawer.