Flack v. Hughes

Citations

• 67 Ill. 384

Syllabus

<p>1. Registbation of municipal bonds. An election was held in an incorporated town, resulting in a majority vote in favor of issuing bonds for railroad purposes, there being at that time no law authorizing such a vote. By a subsequent act of the legislature, a new town was incorporated including the old town, which act recited the prior election and authorized the town to issue bonds as voted, under which the new town subscribed to the capital stock of a railroad company and issued its bonds in payment thereof: Held, that such bonds were not entitled to be registered in the State Auditor’s office under4he act of April 16,1869, entitled “An act to fund and provide for paying the railroad debts of counties, townships, cities and towns,” etc.</p> <p>2. Therefore, where such bonds were registered in the Auditor’s office, and taxes extended on the property of the town under the direction of the State officers, it was held, that a taxpayer of the town had a right to have the collection of such tax on his property enjoined.</p>