Daviess County Court v. Howard
Court of Appeals of Kentucky
Case 14 — PETITION EQUITY APPEAL EROM DAVIESS CIRCUIT COURT. 1. The Daviess County Court had authority, under the charter of the Owensboro & Russellville Railroad Company, to subscribe for the $250,000 stock of the company, and to pay for the same in the bonds of the county, and therefore the county court and its commissioners had power to issue such amount of the bonds of the county as might be necessary to pay the subscription, and having issued and disposed of $317,350 of…
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Case 14 — PETITION EQUITY APPEAL EROM DAVIESS CIRCUIT COURT. 1. The Daviess County Court had authority, under the charter of the Owensboro & Russellville Railroad Company, to subscribe for the $250,000 stock of the company, and to pay for the same in the bonds of the county, and therefore the county court and its commissioners had power to issue such amount of the bonds of the county as might be necessary to pay the subscription, and having issued and disposed of $317,350 of the bonds of the county to pay the subscription of the $250,-000, the county and the tax-payers thereof are bound to…
1Opinion of the Court
JUDGE PRYOR
delivered the opinion oe the court.
This is an' appeal in the name of the Daviess County Court against A. G. Howard and others, tax-payers of the county of Daviess. The Owensboro & Russellville Railroad Company was chartered by an act of the legislature passed in the year 1867. By the 19th section of the act of incorporation it was provided “that the county courts of Daviess, Ohio, Muhlenberg, and Logan counties shall have power, and are hereby authorized, to subscribe to the capital stock of the company in such number of shares as may be determined by said county courts,…
2Cited by7 opinions
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- Hessig v. Hessig's Admr.Court of Appeals of Kentucky · 1908
- Hammond v. LesterCourt of Appeals of Kentucky · 1914
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