McKinney v. First National Bank
Supreme Court of Arkansas
Appeal from Independence Circuit Court; Dene H. Coleman, Judge; The county court was legally in session. The order was advertised as required by law. C. & M. Digest, § 1994. The sheriff’s return was full and complete. 134 Ark. 100. The presentation of the scrip was a waiver of the insufficiency of the notice. 33 Ark. 740. The warrants were issued in violation of law.
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Appeal from Independence Circuit Court; Dene H. Coleman, Judge; The county court was legally in session. The order was advertised as required by law. C. & M. Digest, § 1994. The sheriff’s return was full and complete. 134 Ark. 100. The presentation of the scrip was a waiver of the insufficiency of the notice. 33 Ark. 740. The warrants were issued in violation of law. Const. 1874; 36 Ark. 89; 130 Ark. 116. The contracts entered into between the county judge and the banks were void. Constitution 1874, art. 16, § 1; 29 Ark. 386; 32 Ark. 619; 47 Ark. 378; 77 Ark. 580; 91 Ark. 61; Bishop on…
1Opinion of the CourtMcCulloch, C. J.
The price of the county warrants of Independence County became depreciated, or it was thought that they were about to become depreciated, and on November 1, 1917, the county court entered an order reciting that certain banks in the city of Batesville had agreed to cash the warrants thereafter issued so as to keep the price of warrants at par, and that thereafter the county would pay interest on the warrants semi-annually at the rate of 8 per cent, per annum, payments to be made on the first Monday in May and November if the holders of the warrants should file with the county clerk a list on…
2Cases cited3 opinions
- Monroe County v. BrownSupreme Court of Arkansas · 1915
- Quinn v. ReedSupreme Court of Arkansas · 1917
- City of Forrest City v. Bank of Forrest CitySupreme Court of Arkansas · 1915
3Cited by2 opinions
- Williamson v. Mitchell Auto CompanySupreme Court of Arkansas · 1930
- American La-France & Foamite Corp. v. City of El DoradoCourt of Appeals for the Eighth Circuit · 1936