Legal Opinion

People's Savings Bank v. Borough of Norwalk

Supreme Court of Connecticut

Decided July 7, 1888PublishedCited by 8 opinions

Action upon bonds of the defendant borough; brought to the Superior Court in Fairfield County, and tried to the jury before Andrews, J. Verdict for the plaintiff and appeal by the defendant. The case is sufficiently stated in the opinion.

1Opinion of the CourtLoomis, J.

The plaintiff, on the first day of July, 1886, was the owner by purchase of fifty bonds, each for one thousand dollars, known as water-fund bonds, issued in the year 1871 by the defendant borough upon authority granted by the General Assembly, and bearing date July 1, 1871. These bonds were a part of an authorized issue of bonds to the amount of $175,000, all of that date, and put upon the market together, and had interest coupons attached, payable half yearly on the first days of January and July at the rate of seven per cent, per annum. The bonds contained the promise of the borough to pay…

2Cited by8 opinions

  1. Petriello v. KalmanSupreme Court of Connecticut · 1990
  2. Ward v. Metropolitan Life InsuranceSupreme Court of Connecticut · 1895
  3. Red Maple Properties v. Zoning CommissionSupreme Court of Connecticut · 1992
  4. Bradbury v. City of South NorwalkSupreme Court of Connecticut · 1907
  5. Simmons v. Southern Connecticut Gas Co.Connecticut Appellate Court · 1986

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