Aldrich v. Gallup State Bank

Citations

• 25 N.M. 315
• 182 P. 863

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Where a special election is held for the purpose of voting upon the question of the issuance of bonds, and notice of election is not given as required by statute, and a full participation of the voters in the election does not appear, bonds issued as a result of such election are invalid where they have not passed into the hands of innocent purchasers, and the successful bidder at the sale of the bonds cannot be required to accept and pay for the same.</p>