Commissioners of Pitt County v. MacDonald, McKoy & Co.
Supreme Court of North Carolina
ActioN upon case agreed, heard by W. B. Allen, J., at May Term, 1908, of Pitt.
1Opinion of the CourtClark, C. J.
The bonds ($50,000) were issued by Pitt County, though not for necessary purposes, but by virtue of a popular election and under special authority of the General Assembly (Laws 1901, ch. 493). They are valid bonds of the county of Pitt, and this has been' expressly held as to these identical bonds. Cox v. Commissioners, 146 N. C., 584.
The bonds being valid, it follows that taxes can be levied, up to the constitutional limitation, to pay the interest as it Tails due and the principal at maturity. Ralls v. United States, 105 U. S., 733. The purchasers of the bonds, not content with the validity…
2Cases cited6 opinions
- Ralls County Court v. United StatesSupreme Court of the United States · 1882
- Young v. . Town of HendersonSupreme Court of North Carolina · 1877
- City of Charlotte v. ShepardSupreme Court of North Carolina · 1898
- Smathers v. Commissioners of Madison CountySupreme Court of North Carolina · 1899
- Cox v. Commissioners of Pitt CountySupreme Court of North Carolina · 1908
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Board of Trustees v. WebbSupreme Court of North Carolina · 1911
- Bennett v. Board of CommissionersSupreme Court of North Carolina · 1917
- Ellison v. Town of WilliamstonSupreme Court of North Carolina · 1910
- Jackson v. Board of County CommissionersSupreme Court of North Carolina · 1916
- Charlotte v. . ShepardSupreme Court of North Carolina · 1897