City of Bay City v. Lumbermen's State Bank
Michigan Supreme Court
Error to Bay; Sharpe, J., presiding. Assumpsit by the city of Bay City against the Lumbermen’s State Bank for money had and received. Judgment for plaintiff on a directed verdict. Defendant brings error.
1Opinion of the CourtPerson, J.
This action was brought to recover the sum of $4,000 theretofore paid by plaintiff to defendant in connection with the sale of certain bonds, known as the Wenonah Park bonds.
By an act of the legislature, approved March 14, 1907, the city of Bay City was authorized to acquire a site for and to lay out, establish, make, alter, and regulate a public park and grounds; and for that purpose to borrow not to exceed $200,000 and issue its bonds therefor. Section 3 of the act provided:
*535“If authorized by the vote of the electors, .said loan shall be secured by the bonds of the city payable at such…
2Cases cited2 opinions
- Village of Fort Edward v. . FishNew York Court of Appeals · 1898
- Appeal of WhelenSupreme Court of Pennsylvania · 1885
3Cited by10 opinions
- American Surety Co. of New York v. Hill CountyCourt of Appeals of Texas · 1923
- Duff v. Knott CountyCourt of Appeals of Kentucky (pre-1976) · 1931
- Hayes v. Sanitary & Improvement District No. 194Nebraska Supreme Court · 1976
- Board of Ed. v. American National Co.Supreme Court of Oklahoma · 1928
- Arkansas Foundry Co. v. StanleySupreme Court of Arkansas · 1921
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