Lloyd v. Altoona City

Citations

• 134 Pa. 545
• 19 A. 675
• 1890 Pa. LEXIS 743

Syllabus

<p>1. When a municipal corporation shall issue new bonds with which to pay or redeem an existing bonded indebtedness, under the act of April 14, 1881, P. L. 10, the holders of the old bonds, first having the right to exchange for the new ones, may not be required to receive the latter at a premium they may command in the market.</p> <p>2. It seems, that where, in an action brought before the passage of the Procedure Act of May 25, 1887, P. L. 271, a declaration in the common counts is filed after the date of said act, but the defendant goes to trial without demanding particulars, recovery will not be defeated by the failure to file the statement of claim required by said act.</p>