Nash v. El Dorado Co.

Sawyer, C. J.,

(orally.) This is an action brought upon bonds of El Dorado county, issued by the county in pursuance of the statute, for the purpose of aiding in the construction of the Sacramento Valley Railroad. The action is brought upon the bonds and the coupons for interest upon the bonds. The bonds, in this instance, have 12 years to run, the bonds and coupons calling for the payment of interest semi-annually. The bonds provide for the payment of interest at 10 per cent, per annum, at specified times, semi-annually, “on surrender of the coupons for interest.” Coupons were attached for…