People ex rel. Chrystal v. Cook

Citations

• 39 Cal. 658
• 1870 Cal. LEXIS 122

Syllabus

<p>Santa Claea Railroad Bonds—Payment of.—A mandamus will not be granted to compel the Loan Commissioners of the County of Santa Clara to satisfy, in gold coin, the bonds issued under the Act of April 9, 1861, to authorize the Board of Supervisors of said county to subscribe to the capital stock of the San Francisco and San Jose Railroad, when the only fund under their charge applicable to the discharge of said bonds consists of legal tender notes.</p> <p>Per Rhodes, C. J., Seraghg, J., concurring:</p> <p>Idem.—The bonds issued at the date of or subsequent to the passage of the first Legal Tender Act, and not expressly made payable in coin, may be satisfied with legal tender notes, unless the law providing for their issue requires payment to he made in gold coin only.</p>