Davidson v. County Commissioners
Supreme Court of Minnesota
The authorities of the city of St. Paul issued the bonds of the city to the Lake Superior and Mississippi Railroad Company, under the provisions of a special act of the legislature, (Sp. Laws 1868, ch. 20,) and a tax was levied upon the taxable property in the city for the purpose of paying the- annual interest on such bonds, and providing a sinking fund to meet the principal at maturity.
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The authorities of the city of St. Paul issued the bonds of the city to the Lake Superior and Mississippi Railroad Company, under the provisions of a special act of the legislature, (Sp. Laws 1868, ch. 20,) and a tax was levied upon the taxable property in the city for the purpose of paying the- annual interest on such bonds, and providing a sinking fund to meet the principal at maturity. The -plaintiffs, property owners, and tax-payers in said city, claiming that the said tax was levied without authority of law, brought this action in the court of common pleas, Ramsey county, to annul such…
1Opinion of the Court
By the Court.
Berry, J.
By virture of chapter 20, Special Laws 1868, the authorities of the city of St. Paul executed and delivered to the Lake Superior & Mississippi Railroad Company interest bearing bonds of said city to the amount of two .hundred thousand dollars, “ as a bonus to insure the speedy resumption of work, and the' building of their railroad from Saint Paul in the direction of Lake Superior, in this state.” To pay the interest on the same, and provide a sinking fund for the ultimate payment of the principal, a tax has been levied, which this action is brought to annul and prevent…
2Cases cited1 opinion
- Stewart v. Bd. of Super. of Polk CountySupreme Court of Iowa · 1870
3Cited by10 opinions
- Lifteau v. Metropolitan Sports Facilities CommissionSupreme Court of Minnesota · 1978
- Grand Trunk Western Railway Co. v. City of South BendIndiana Supreme Court · 1909
- Blake v. Winona & St. Peter RailroadSupreme Court of Minnesota · 1872
- Gulf Life Insurance Co. v. EllisSupreme Court of Florida · 1940
- Sheehan v. First Nat. Bank of WasecaSupreme Court of Minnesota · 1925
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