Chamberlain v. St. Paul & Sioux City Railroad
Supreme Court of the United States
Appeal from the Circuit Court of the United States for the District of Minnesota. The plaintiff is the holder of bonds of the State of Minnesota, amounting to half a million of dollars, and seeks to charge certain lands in the possession of the defendant railroad companies with their payment.
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Appeal from the Circuit Court of the United States for the District of Minnesota. The plaintiff is the holder of bonds of the State of Minnesota, amounting to half a million of dollars, and seeks to charge certain lands in the possession of the defendant railroad companies with their payment. The bonds were issued in 1859 to the Southern Minnesota Railroad Company, under the authority of the constitutional amendment of April, 1858. That company was one of the four companies to which the Territory of Minnesota, on the 22d of May, 1857, granted the lands obtained by- the act of Congress of…
1Opinion of the Court
Me. Justice Field,
after making the foregoing statement of the case, delivered the opinion of the court..
The position of the complainant is, that, notwithstanding the form of the contract, the original company was, in fact, the principal debtor, and the State its surety; and that, as the creditor to be paid, he is entitled to have the securities taken by the State applied to the payment of the bonds held by him; that the one hundred and twenty sections for each road, which the company was authorized to construct, became its property by the act of May 22, 1857; that the subsequent interest of…
2Cited by21 opinions
- Prudence Realization Corp. v. GeistSupreme Court of the United States · 1942
- Jenkins v. National Surety Co.Supreme Court of the United States · 1928
- Hoyt v. LathamSupreme Court of the United States · 1892
- State ex rel. Hahn v. YoungSupreme Court of Minnesota · 1881
- Mothersead v. United States Fidelity & Guaranty Co.Court of Appeals for the Eighth Circuit · 1927
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