City of Bloomington v. Smith

The city of Bloomington, on the 1st day of January, 1881, issued bonds to the amount of $32,000 for the purpose of funding the indebtedness of the city. Three of the bonds thus issued, of the denomination of one hundred dollars each, were delivered and made payable to Isabella Smith, or bearer. It is averred in the complaint that while the bonds were held and owned by Mrs. Smith they were lost, and that after they became due and payable she demanded payment of the amount due, and offered to indemnify the city against loss on account of her inability to present or return the bonds for…