Ketchum v. Pacific R.
U.S. Circuit Court for the District of Eastern Missouri
Petition by the county of St. Louis to establish a lien or charge on the fund in court. A general demurrer to the petition was submitted.
1Opinion of the Court
DILLON. Circuit Judge.
Under the authority of the act of January 7, 1863. the county of St. Louis issued and loaned to the Pacific Railroad its twenty-years seven per cent bonds to the amount of 8700,000. The railroad company agreed to pay the interest on the said bonds as' it fell due, and at maturity to pay the principal. The principal is not yet due, but until the recent embarrassment of the company, it has regularly paid to the county the amount required to meet the interest on the bonds. In 1S6S the company made a first mortgage of its property and franchises to trustees, to secure a loan…
2Cases cited3 opinions
- Pacific Railroad v. KetchumSupreme Court of the United States · 1880
- Pacific Railroad v. Missouri Pacific Railway Co.U.S. Circuit Court for the District of Eastern Missouri · 1880
- Pacific Railroad v. Missouri Pacific Ry. Co.U.S. Circuit Court for the District of Eastern Missouri · 1881
3Cited by1 opinion
- Tompkins v. Little Rock & Ft. S. Ry.District Court, E.D. Arkansas · 1882