Chaffraix v. Board of Liquidation

The bill in this cause is brought by the complainant, a citizen of Prance, against the defendants, as members of the state board of liquidation, to prevent the diversion of certain funds, collected by taxation under the consolidated bond acts of 1874, to pay the coupons of the consolidated bonds falling due January Í, 1880, which funds are now in the hands on. deposit of one of the defendants. It is alleged that these funds are “trust funds,” and that the defendants threaten to divert them under authority of the third article of the state-debt ordinance, adopted with the constitution of 1879,…