Safford v. Wyckoff , 1 Lock. Rev. Cas. 41 ( 1799 )

Otherwise it would seem, if it were issued by way of a loan or for the purpose of being put in circulation as money.

How far such association may, as incidental to their general powers by statute, issue negotiable paper not authorized by the comptroller, e. g., for the payment of their debts, &c., was discussed and considered in this case, but not decided.