Howard County v. Booneville Central National Bank

Citations

• 108 U.S. 314
• 2 S. Ct. 689
• 27 L. Ed. 738
• 1883 U.S. LEXIS 1042

Syllabus

<p>Municipal Bonds — Railroads.</p> <p>When an act of the legislature authorized a county to subscribe for stock in a railroad or its branches, and the inhabitants of the county at legally convened meetings voted to exercise the power thus conferred, and the sub- ■ scription was made, and county bonds issued therefor and exchanged for stock in a branch of the railroad for which the subscription was made, and the county, for a series of years, paid the interest on the bonds, and then resisted payment solely on the ground that the road constructed was not the road to whose stock the statute authorized the county to subscribe : Held, On the special finding found at the trial below, that the road is one of the . branches for which the act authorized counties to subscribe.</p>