Flowers v. McDonald County

KERRY L. MONTGOMERY, Presiding Judge.

Over 131 years ago, McDonald County, Missouri (County), issued a bearer bond (Bond) in the face amount of $100. The Bond, issued on June 1,1871, was “payable on the first day of June A.D. 1874” and provided for interest at the rate of ten percent per annum. One hundred twenty-eight years after the issuance of the Bond, Plaintiffs, as bearers of the Bond, sued *143County claiming they were owed over $19,000,000. The trial court granted summary judgment in favor of County after finding that § 516.110, the ten-year statute of limitations, barred Plaintiffs’…