Coleman v. Broad River Township

Citations

• 50 S.C. 321
• 27 S.E. 774
• 1897 S.C. LEXIS 29

Syllabus

<p>1. Railroad Aid Bonds — Township Bonds. — The coupons in controversy here, detached from railroad aid bonds issued by defendant township under act of 1885 (19 Stat., 362), are governed by the act of 1888 (20 Stat., 12), and recovery thereon is not prevented because the act of 1885 is in that respect unconstitutional.</p> <p>2. Validating Act — Taxing Power. — The act of 1888 (20 Stat., 12,) is not a validating act, but is a constitutional exercise of the general taxing power by the General Assembly.</p> <p>3. Railroad Aid Bonds — Township Bonds — Interest.—The debt placed on townships by the act of 1888 (20 Stat., 12), having voted on themselves railroad aid bonds, does not commence to bear interest until such railroad is completed through the township, and has been received by the railroad commissioners.</p> <p>4. Ibid. — The act of 1885 (19 Stat., 362,) is unconstitutional, in so far as it attempts to authorize townships to issue bonds in aid of the N. & L. Railroad.</p> <p>5. Ibid. — Validating Act. — The act of 1886 (19 Stat., 605,) does not validate unconstitutional parts of the act of 1885 (19 Stat., 362).</p>