Sutliff v. Lake County Commissioners

Citations

• 147 U.S. 230
• 13 S. Ct. 318
• 37 L. Ed. 145
• 1893 U.S. LEXIS 2157

Syllabus

<p>Where the constitution and a statute of a State forbid any county to issue bonds to such an amount as -will make its aggregate indebted ness ¿exceed a certain proportion of the assessed valuation of taxable property in the county; and the statute requires the county commissioners to -.publish, and to enter on the public records of the county, semi-annual statements showing the whole amount of the county debt; a purchaser, for value and before maturity, of a bond issued in excess of the constitutional and statutory limit, is charged with the duty of examining the record of indebtedness; and the county is not estopped, by a recital in the bond that all the provisions of the statute have been complied with, to prove, by the record of the assessment and the indebtedness, that the bonds were issued in violation of the constitution.</p>