Aurora City v. West
Supreme Court of the United States
Error to the Circuit Court for Indiana; the case being this: The charter of the city of Aurora authorized its council, whenever a majority of'its qualified voters required it, to take . stock in any chartered company for making “ roads ” to that city, and to make and sell their bonds to pay for it. With' this power the city, i'n 1852, issued $50,000 of bonds to the Ohio and Mississippi Railroad.
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Error to the Circuit Court for Indiana; the case being this: The charter of the city of Aurora authorized its council, whenever a majority of'its qualified voters required it, to take . stock in any chartered company for making “ roads ” to that city, and to make and sell their bonds to pay for it. With' this power the city, i'n 1852, issued $50,000 of bonds to the Ohio and Mississippi Railroad. Company; a Company, whose charter authorized it to survey, locate, and construct a ráil/road “on the most direct and practicable route” between Lawrenceburg on the Ohio and Vincennes on the Wabash.…
1Opinion of the CourtJustice Clifford
court.
Fifty bonds, of one thousand dollars each, were issued by the corporation defendants on .the first day of January,,1852, in payment of a subscription of fifty thousand dollars, previously made by the o'rder of .the common council of the city, to the capital stock of the Ohio and Mississippi Rail-' road Company. , Authority to subscribe for such stock,,and ■ to issue such bonds,- under the conditions therein specified, is conferred-upon the corporation by the eighteenth section of their -'charter. ■ Said bonds were negotiable, and were made payable in twenty-five years from date, with…
2Cases cited13 opinions
- Hopkins v. LeeSupreme Court of the United States · 1821
- Wood v. Jackson ex dem. GenetCourt for the Trial of Impeachments and Correction of Errors · 1829
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3Cited by152 opinions
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