City of Quincy v. Warfield
Illinois Supreme Court
This was an action of debt brought by the appellee, Warfield, against the appellant, in the Circuit Court of Adams county, and tried by Sibley, Judge, a jury being waived, at the June term thereof, A. D. 1860, who rendered a judgment against the appellant for- $1,523.22 debt, $72.99 damages, and costs of suit, from which judgment an appeal is taken..
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This was an action of debt brought by the appellee, Warfield, against the appellant, in the Circuit Court of Adams county, and tried by Sibley, Judge, a jury being waived, at the June term thereof, A. D. 1860, who rendered a judgment against the appellant for- $1,523.22 debt, $72.99 damages, and costs of suit, from which judgment an appeal is taken.. The declaration contained two counts, the first special, and counting on the legal effect of a bond made by the city of Quincy on the 28th day of August, A. D. 1858, for the sum of $1,523.28, payable in one year thereafter, on presentation at the…
1Opinion of the CourtBreese, J.
Express authority is given to the city council of the city of Quincy, to issue bonds to an amount not exceeding, at any one time, in the aggregate, the sum of seventy-five thousand dollars, and not bearing a rate of interest higher than eight per cent, per annum, to be paid annually or semi-annually, at the option of the city council. (Priv. Laws, 1857, page 1052.)
The bond in question, was issued -in August, 1858, in lieu of another bond issued by the city, and the accumulated interest thereon, and then overdue, and made to bear interest at the rate of twelve per cent, per annum.
The case went…
2Cases cited1 opinion
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- Talkington v. TurnbowSupreme Court of Arkansas · 1935
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