People's Savings Bank v. Big Rock Stone & Construction Co.
Supreme Court of Arkansas
Appeal from Pulaski Chancery Court; Jesse C. Hart, Chancellor; STATEMENT BY The COURT. On the 18th of March, 1904, W. F. Lenon was mayor of the oity of Little Rock. As mayor he was president of the board of public affairs of the city, which board was composed of himself,' Herman Kahn and J. L. Reid. This board was intrusted with the letting of paving and other contracts for the performance of work for the city and with the -inspection and acceptance of such work.
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Appeal from Pulaski Chancery Court; Jesse C. Hart, Chancellor; STATEMENT BY The COURT. On the 18th of March, 1904, W. F. Lenon was mayor of the oity of Little Rock. As mayor he was president of the board of public affairs of the city, which board was composed of himself,' Herman Kahn and J. L. Reid. This board was intrusted with the letting of paving and other contracts for the performance of work for the city and with the -inspection and acceptance of such work. This board on the 18th day of March after due advertisement let a contract for the grading and paving of Shell Alley in that city…
1Opinion of the Court
Riddick, J.,
(after stating the facts.) The only question in this case is whether it is against public policy to permit a bank of which the mayor of a city is a stockholder and president to take an assignment of the claim of a contractor against the city for the price of work which he has performed for the city, and which work must be inspected and accepted for the city by a board of which the mayor is chairman? The bank, acting through its president and other officers, in good faith advanced the contractor certain sums of money to enable him to carry out his contract with the city, and to…
2Cases cited4 opinions
- Oscanyan v. Arms Co.Supreme Court of the United States · 1881
- Berka v. WoodwardCalifornia Supreme Court · 1899
- West v. CamdenSupreme Court of the United States · 1890
- Holcomb v. WeaverMassachusetts Supreme Judicial Court · 1884
3Cited by5 opinions
- Smith v. DandridgeSupreme Court of Arkansas · 1911
- Parkin Prtg. & Stat. Co. v. Ark. Prtg. & Litho. Co.Supreme Court of Arkansas · 1962
- Union National Bank v. Village of BeemerNebraska Supreme Court · 1932
- Ridge v. MillerSupreme Court of Arkansas · 1932
- Rogers v. SangsterSupreme Court of Arkansas · 1930