City of Denver v. Hayes

The ultimate object of this action is to test the validity cf *111an issue of so-called Auditorium bonds of the city of Denver aggregating $400,000. Appellees, who were the successful bidders, therefor, accompanied their bid by depositing with the city treasurer $8,300 as evidence of their good faith, which, if their bid was accepted, was to be applied on the purchase price. Discovering, as they say, the invalidity of the bonds after the deposit was made, they brought this action to recover the same when the city refused to refund it. It is a friendly action, but the controversy is real, and the…