Legal Opinion

Ætna Life Ins. Co. v. Lyon County

U.S. Circuit Court for the District of Northern Iowa

Decided December 15, 1890PublishedCited by 10 opinions

At Law. Action on interest coupons. I»v consent of parties, this case was tried to the court, and, from the evidence submitted, the court makes the following finding of facts: (1) This action is brought upon 410 interest coupons, for @30 each, originally attached to certain negotiable bonds, duly executed by the defendant, the county of Lyon, on the 1st day of May, 1885, and thereafter negotiated and delivered to the purchasers thereof, under the circumstances hereinafter…

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At Law. Action on interest coupons. I»v consent of parties, this case was tried to the court, and, from the evidence submitted, the court makes the following finding of facts: (1) This action is brought upon 410 interest coupons, for @30 each, originally attached to certain negotiable bonds, duly executed by the defendant, the county of Lyon, on the 1st day of May, 1885, and thereafter negotiated and delivered to the purchasers thereof, under the circumstances hereinafter stated, the said bonds being numbered as follows: 028 to 047, inclusive; 056 to 090, inclusive; 096 to 0120, inclusive.…

1Opinion of the Court

Si-iiras, J.,

(after stating the facts as above.) The questions of law arising on the foregoing facts have been very fully and ably presented by the counsel for the respective parties, and it is perhaps needless to say that there is a wide divergence in the views advanced touching the judgment that should be rendered by the court. It clearly appears from the evidence that the plaintiff and other purchasers of the bonds issued by the defendant county in pursuance of the resolution adopted by the board of supervisors in April, 1884, bought the same in good faith, and paid therefor the full face…

2Cases cited8 opinions

  1. Cromwell v. County of SacSupreme Court of the United States · 1877
  2. Lake County v. RollinsSupreme Court of the United States · 1889
  3. Dixon County v. FieldSupreme Court of the United States · 1884
  4. Buchanan v. LitchfieldSupreme Court of the United States · 1880
  5. Lake County v. GrahamSupreme Court of the United States · 1889

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3Cited by10 opinions

  1. Board of Com'rs v. PlattCourt of Appeals for the Eighth Circuit · 1897
  2. City of Huron v. Second Ward Sav. BankCourt of Appeals for the Eighth Circuit · 1898
  3. Municipality of Rio Piedras v. Serra, Garabis & Co.Court of Appeals for the First Circuit · 1932
  4. Ætna Life Ins. v. Lyon CountyU.S. Circuit Court for the District of Northern Iowa · 1897
  5. Chelsea Sav. Bank v. City of IronwoodCourt of Appeals for the Sixth Circuit · 1904

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