Garden City, Gulf & Northern Railroad v. Nation

Citations

• 82 Kan. 345
• 108 P. 102

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Municipal Bonds — Aid of Railroads — Authority. Section 7049 of the General Statutes of 1909 (Laws 1907, ch. 286, §1) is not repugnant to section 8 of article 11 of the state constitution.</p> <p>2. -- Registration — Duty of Auditor of State. It is the duty of the auditor of state, upon presentation for that purpose, to register and certify bonds issued under the above act if he is satisfied that such bonds have been issued in accordance with the provisions of the act and that the signatures thereto of the officers signing the same are genuine.</p> <p>3. --- Showing of Expenditures by Railroad Not a Prerequisite to Registration of Bonds. As a prerequisite to registering such bonds the auditor of state is not authorized to require a showing that the holder of the bonds has expended a • sum of money equal in amount to the face value of the bonds for land to be used for right of way, depot grounds and terminal facilities in the city which issued the bonds.</p>