State ex rel. Kneeland v. City of Shreveport

The opinion of the court was delivered by

DbBlanc, J.

On the twenty-first of August, 1872, plaintiff sold, to the city of Shreveport, three lots of ground, with the improvements thereon. That purchase was made under an ordinance adopted by the council and approved by the inhabitants of that city, at an election held to ascertain their will in regard to the intended acquisition. The price of that sale constitutes a debt, which, now, can not be successfully contested by the council. That is admitted.

As a corporation, that city is nearly insolvent. The assessed value of the property of its…