New Orleans City & Lake Railroad v. New Orleans

Citations

• 143 U.S. 192
• 12 S. Ct. 406
• 36 L. Ed. 121
• 1892 U.S. LEXIS 2016

Syllabus

<p>An ordinance of a city, imposing, pursuant to a statute of the State,' a license tax, for the business of running any horse or steam railroad for the transportation of passengers, does not impair the obligation of a contract, made before the passage of the statute, by which the city sold to a railroad company for a large price the right of way and franchise for twenty-five years to run a railroad over certain streets and according to certain regulations, anti the company agreed to pay to the city annually a real estate tax, and the city bound itgelf not to grant, during the same period, a right .of way to any other railroad company over the same streets.</p>