Ellis v. Dixie Highway Special Road & Bridge District

This is an appeal from an order sustaining a demurrer to complainants' amended bill of complaint and dismissing the amended bill, on the ground that the complainants have an adequate remedy at law.

The bill in substance alleges the issuance and sale of certain negotiable bonds by Dixie Highway Special Road Bridge District dated July 1st, 1919, and payable July 1st, 1939, with interest coupons maturing semi-annually attached; that the complainants, who are bond brokers and members of the New York Stock Exchange, purchased three of these bonds, without knowledge of any defect or infirmity in the…