Provident Life & Trust Co. v. Mercer County
Supreme Court of the United States
CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE SIXTH' CIRCUIT. On May 15, 1886, the general assembly of the Commonwealth of Kentucky passed an act, c. 1159, Private Acts, entitled “ An act to authorize the county of Mercer to subscribe aid to the Louisville Southern Railroad Company,” the first section of which is as follows : ■ “ Seo. 1. That the county of Mercer may subscribe to the capital stock. of the Louisville Southern Railroad Company as hereinafter provided, and…
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CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE SIXTH' CIRCUIT. On May 15, 1886, the general assembly of the Commonwealth of Kentucky passed an act, c. 1159, Private Acts, entitled “ An act to authorize the county of Mercer to subscribe aid to the Louisville Southern Railroad Company,” the first section of which is as follows : ■ “ Seo. 1. That the county of Mercer may subscribe to the capital stock. of the Louisville Southern Railroad Company as hereinafter provided, and may pay therefor, in the negotiable coupon bonds' of said county, payable not more than thirty years after date, and…
1Opinion of the CourtJustice Brewer
No one can read the facts above stated, as found by the Circuit Court, without being impressed that the transactions between the county and the company, culminating in the delivery of the bonds to the latter, were had in the utmost good faith. There was no misrepresentation, concealment or fraud. The work done by the company in constructing the railroad ivas obvious and satisfactory. The question whether that work was a compliance with the terms of the subscription was publicly discussed, was fully considered at a meeting of the county court of claims, whose opinion was, and was so expressed,…
2Cases cited18 opinions
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