Title: FEDERAL TRUST CO. v. COYLE
Citation: 126 P. 80 0, 1912 OK 596, 34 Okla. 635
Docket Number: 
State: Oklahoma
Issuer: Oklahoma Supreme Court
Date: September 17, 1912

FEDERAL TRUST CO. v. COYLE Annotate this Case FEDERAL TRUST CO. v. COYLE 1912 OK 596 126 P. 800 34 Okla. 635 Case Number: 2035 Decided: 09/17/1912 Supreme Court of Oklahoma FEDERAL TRUST CO. v. COYLE. Syllabus ¶0 1. PRINCIPAL AND AGENT--Existence of Agency--Sufficiency of Evidence. At a meeting of the citizens of Guthrie a proposition was made on behalf of a railroad company that it would build its road to Guthrie for a certain bonus. A motion was put and carried that the proposition be accepted, that a committee be appointed to obtain subscriptions to the bonus, and that the matter of handling the contract be turned over to the Guthrie Club. The bonus was subscribed in the form of notes, which were delivered to the Guthrie Club by the makers. A contract was then made between the Guthrie Club and the railroad company showing the acceptance of the proposition, the making of the bonus notes, and providing that the road should be built within eighteen months. The notes were then delivered by the Guthrie Club to the railroad company. Held, that there was sufficient evidence to support a finding that the Guthrie Club was the agent for the makers of the notes in making the contract and delivering the notes to the company. 2. SAME--Liabilities to Third Person--Authority of Agent. The Guthrie Club, more than a year after the contract referred to in the first paragraph of this syllabus was made, and long after the bonus notes were delivered, and without any action of the note makers subsequent to the meeting referred to in said paragraph, entered into another contract with the company extending the time within which they were required to build the road. Held, that the Guthrie Club was without authority to enter into the new contract, and that it was not binding on the makers of the bonus notes. 3. SAME--Undisclosed Principal--Evidence. The making of the contract by the club was authorized at a meeting of the citizens of Guthrie after notice given. The evidence was conflicting as to whether the general manager of the road was present at the meeting. It was conceded that the chief engineer of the road was in the city at the time. The Guthrie Club had the bonus notes at the time the contract was made, and delivered them after the contract was made. Held, that the railroad company had notice that the club was acting as the agent of the note makers. 4. BILLS AND