Hoff v. Jasper County

Citations

• 110 U.S. 53
• 3 S. Ct. 416
• 28 L. Ed. 68
• 1884 U.S. LEXIS 1655

Syllabus

<p>Municipal Bonds1 — Holder for Value.</p> <p>1. When a municipal corporation subscribes to the.capital stock of a railroad ' company, and issues its bonds in payment therefor, the bonds must comply with the requisitions which the law. makes necessary in respect of registration and certificate before they are issued ; and innocent holders for value are charged with the duty of knowing these laws, and of inquiring whether they have been complied with.</p> <p>2. A statute requiring a State auditor to register municipal bonds and to certify that all the conditions of law have been complied with in their issue calls for the exercise of no judicial functions on his part.</p> <p>3. The rulings in Anthony v. County of Jasper, 101 U. S. 693, involving the same issue of bonds, adhered to. The additional facts shown in this case present no legal aspects to distinguish it from that case.</p>