Barnes v. Town of Lacon

On the 22d day of December, 1868, an election was held in the town of Lacón, Marshall county, at which a majority of the votes east were in favor of a subscription, by the town, of $60.000 to the capital stock of the Hamilton, Lacón and Eastern Railroad Company. At the time the election was called and held, no law was in force which authorized the election or conferred power upon the town to vote upon the question, or in any manner to become a stockholder in the railroad company.

On the 5th day of March, 1869, the legislature passed an act for the purpose of legalizing the election, the first…