Bradford County v. Nuveen

SIBLEY, Circuit Judge.

The appellees John Nuveen and John Nuveen, Jr., sued Bradford County to recover compensation due them as “refunding agent” under a contract with the county made August 20, 1934, and supplemented December 3, 1934, to refund its bonded indebtedness, claiming two percent of the par amount of $897,000, less $5,712 paid. By amendment a like amount was also claimed on a quantum meruit for work done and services performed. The defenses were that the contract was illegal, that payment under it was to be made only from savings made within three years by buying up the bonds below…