Bessemer Investment Co. v. Chester

Maris, J.,

— This is an action of assumpsit in which a jury trial has been waived. Plaintiff seeks to recover the principal and interest of $196,000 face amount of street improvement bonds held by it which were issued by defendant, the City of Chester, in good faith at various times between November 6, 1923, and March 2, 1931, pursuant to ordinances regularly adopted under statutory authority. The bonds were all in substantially the same form. Each bond provided that it and the interest thereon was based solely and alone upon the assessments made against the abutting property owners on a…