Rogers v. Keokuk

Citations

• 154 U.S. 546
• 14 S. Ct. 1162
• 18 L. Ed. 74
• 1866 U.S. LEXIS 1003

Syllabus

<p>The legislature of Iowa had power to authorize the city of Keokuk to subscribe for and take stock in a railway company, to issue its bonds therefor and to lay a tax to pay the interest thereon.</p> <p>It had also power to give validity to bonds informally issued for such purpose.</p> <p>A plaintiff who purchases such bonds in the open market is not chargeable with defects or irregularities in their issue.</p>