State Nat. Bank v. Board of Com'rs

Citations

• 121 La. 269
• 46 So. 307
• 1908 La. LEXIS 669

Syllabus

<p>1. Bonds — Interest—Bonds with Coupons Attached.</p> <p>The bonds were advertised to be sold with coupons attached. The coupons were attached to the bonds at the time that plaintiff’s bid was accepted. It was only after the bid was accepted that they were detached.</p> <p>2. Same — Date oe Bonds and Coupons.</p> <p>The bonds and coupons bore the date of the statute under which they were issued. Their maturity is fixed for that date.</p> <p>3. Same — Way Provided to an End.</p> <p>' The statute provided a plan for issuing bonds and coupons and at the same time for their payment; nothing more.</p> <p>4. Same — The Terms and Conditions oe the Bonds and Coupons Referred Back to their Date.</p> <p>The date of the issue of the bonds and coupons is not necessarily the date that it was found convenient or advantageous to sell them. (Syllabus by the Court.)</p>