Commissioners of Richmond County v. Farmers Bank
Supreme Court of North Carolina
Appeal from Lyon, J., at March Term, 1910, of RiohmoND. Controversy without action, determined on case agreed. From the facts agreed upon, it appeared: 1. That on the first Monday of December, 1909, the board of commissioners of the county of Richmond, and the defendant, The Farmers Bank, entered into a written contract by which the said board of commissioners agreed to sell to said bank, and said bank agreed to buy from said board of commissioners, $15,000 of 6 per cent…
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Appeal from Lyon, J., at March Term, 1910, of RiohmoND. Controversy without action, determined on case agreed. From the facts agreed upon, it appeared: 1. That on the first Monday of December, 1909, the board of commissioners of the county of Richmond, and the defendant, The Farmers Bank, entered into a written contract by which the said board of commissioners agreed to sell to said bank, and said bank agreed to buy from said board of commissioners, $15,000 of 6 per cent road bonds, which the said board of commissioners proposed to issue for and on behalf of Beaver Dam Township in said…
1Opinion of the Court
Hoke, J.,
after stating the case: Our State Constitution, Article II, sec. 14, provides as follows: “No law shall be passed to raise money on the credit of the State or to pledge the faith of the State, directly or indirectly, for the payment of any debt, or to impose any tax upon the people of the State, or to allow the counties, cities and towns to do so, unless the bill for the purpose shall have been read three several times in each House of the General Assembly, and passed three several readings, which readings shall have been on three different days, and agreed to by each House…
2Cases cited5 opinions
- Turley v. County of LoganIllinois Supreme Court · 1855
- Commissioners v. . Trust Co.Supreme Court of North Carolina · 1906
- Rodman-Heath Cotton Mills v. Town of WaxhawSupreme Court of North Carolina · 1902
- Ohio & Mississippi Railway Co v. People ex rel. BlackIllinois Supreme Court · 1887
- Village of Gilberts v. RabeAppellate Court of Illinois · 1893
3Cited by1 opinion
- Allen v. City of RaleighSupreme Court of North Carolina · 1921