Robinson v. Bidwell
California Supreme Court
Appeal from the Sixth Judicial District. AprE 25th, 1863, the Legislature passed an act, entitled “An Act to authorize the City and County of Sacramento to subscribe to the Capital Stock of the Central Pacific Railroad Company of California, and providing for the payment of the same, and other matters relating thereto.”
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Appeal from the Sixth Judicial District. AprE 25th, 1863, the Legislature passed an act, entitled “An Act to authorize the City and County of Sacramento to subscribe to the Capital Stock of the Central Pacific Railroad Company of California, and providing for the payment of the same, and other matters relating thereto.” The first section provides for a special election, at which shaU be submitted to the voters of the county a proposition for the county to take three hundred shares of stock. Sec. 2 prescribes the form of the baEot, and declares that if a majority vote for the proposition, the…
1Opinion of the CourtNorton, J.
This action is brought to restrain the Board of Supervisors of the City and County of Sacramento from subscribing for three thousand shares of the capital stock of the Central Pacific Railroad *385Company of California, and from issuing any bonds of said county in payment of any subscription for such stock.
The Act of the Legislature, by authority of which the Board of Supervisors propose to subscribe for the stock and issue the bonds, was passed April 25th, 1863, and is entitled “An Act to authorize the City and County of Sacramento to subscribe to the Capital Stock of the Central Pacific…
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