Jones v. City of Camden

Citations

• 44 S.C. 319

Syllabus

<p>1. Municipal Corporation — Injunction.—A building of a town cannot be held to have been erected for profit or speculation where the allegation of the petition for injunction, so charging, is denied by the answer, and there is no evidence to controvert such denial.</p> <p>2. Ibid. — Public Building — feoons Rented. — A building erected for a town hall, council offices, and other municipal purposes, is not deprived of its character as a municipal building by the appropriation of portions, not presently needed by the town, to purposes not municipal, from which is derived a revenue insufficient to pay insurance and interest on the debt contracted in the erection'of such building.</p> <p>3. Municipal Corporation — Bonds.—Purchasers.—Purchasers of municipal bonds validly issued are not bound to see to the application of the proceeds, and bonds issued in exchange for, or to retire, valid municipal'bonds, are also valid. Therefore, bonds authorized to be issued by a town to purchase a lot and to erect a town hall thereon, could not be invalidated by the subsequent misappropriation of portions of the town hall, when erected, to purposes not municipal, but would continue to be valid obligations of the town, and so would other bonds afterwards issued to pay or renew them.</p> <p>4. Ibid.. — Ibid.—Paving Streets. — A debt contracted by a town for the paving of its streets is for a municipal purpose, and bonds may be issued in payment therefor where express legislative authority is conferred.</p>