Thompson v. Perrine
Supreme Court of the United States
Error to' tbe Circuit Court of tbe United States for tbe Soutbern District of New York. This action was commenced on tbe.first day of May, 1876, by Perrine, against tbe town of Thompson, a municipal corporation in Sullivan County, New York, for tbe amount of coupons attached to certain . bonds, signed by G. M. Benedict, N. S. Hamilton, and W. H. Cady, county commissioners, and issued by them in tbe name of the town under date of May 1, 1869. They were purchased by him of…
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Error to' tbe Circuit Court of tbe United States for tbe Soutbern District of New York. This action was commenced on tbe.first day of May, 1876, by Perrine, against tbe town of Thompson, a municipal corporation in Sullivan County, New York, for tbe amount of coupons attached to certain . bonds, signed by G. M. Benedict, N. S. Hamilton, and W. H. Cady, county commissioners, and issued by them in tbe name of the town under date of May 1, 1869. They were purchased by him of Gulick & Van Kleeck, July, 20, 1875, be paying cash therefor. Each-bond is payable ■ to bearer on the 1st of March, 1899.…
1Opinion of the CourtJustice Hablan
Although the act of 1868 required all bonds issued under its authority to be disposed of for not less than par, and their proceeds invested in the stock of the company, the commissioners exchanged those issued by the town of Thompson directly with the railroad company for an equal amount of the latter’s stock. This was in violation.of the statute as construed by the Court of Appeals of New York, in several cases to which we had occasion to refer in Scipio v. Wright, 101 U. S. 665. We there held — following the decisions of the State court, some of which were made long prior to the passage of…
2Cases cited10 opinions
- Gelpcke v. DubuqueSupreme Court of the United States · 1864
- County of Warren v. MarcySupreme Court of the United States · 1878
- Thomson v. Lee CountySupreme Court of the United States · 1866
- Bank of Rome v. . the Village of RomeNew York Court of Appeals · 1858
- Leitch v. . WellsNew York Court of Appeals · 1872
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3Cited by29 opinions
- Hammond v. ClarkSupreme Court of Georgia · 1911
- Tulare Irrigation District v. ShepardSupreme Court of the United States · 1902
- Anderson v. Santa AnnaSupreme Court of the United States · 1886
- Utter v. FranklinSupreme Court of the United States · 1899
- McPherrin v. TittleSupreme Court of Oklahoma · 1913
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