Nye v. Rose

In June, 1890, the District of Narragansett, without legislative authority, voted to establish a sinking fund for the payment of its bonded indebtedness, setting aside one thousand dollars for that purpose out of the tax for that year, and appointed the respondent commissioner of said sinking fund. He received said sum, which he invested, and for which he holds the security. In July, 1891, the General Assembly enacted, Pub. Laws, cap. 1035, of July 24, 1891, as follows : “ The District Council of the District of Narragansett are hereby authorized to establish by ordinance a board of three…