City of Junction City v. Central National Bank

The opinion of the court was delivered by

DAWSON, J.:

In May, 1913, Junction City desired to sell certain bonds in the sum of $50,560 to raise funds for street paving. To that end it requested a bid from the Central National Bank of the same town. The city’s communication to the bank contained the following:

“All bids to be made subject to the legality of the issue. A certified check for $1000 is required to accompany bid.”

Seven days later the bank answered:

“In response to your favor of the 9th inst. I desire to make the following bid for the bonds referred ¿o by you, viz., $50,000 serial…