National Life Ins. Co. of Montpelier v. Board of Education
Court of Appeals for the Eighth Circuit
In Error to the Circuit Court of the United States for the District of South Dakota. The National Life Insurance Company of Montpelier, Vt., the plaintiff in error, brought an action in the court below against the board of education of the city of Huron, S. D., the defendant in error, upon 300 coupons cut from 120 bonds of the defendant, issued October 4,1890. At the close of the evidence the court instructed the jury to return a verdict for the defendant, and, upon that…
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In Error to the Circuit Court of the United States for the District of South Dakota. The National Life Insurance Company of Montpelier, Vt., the plaintiff in error, brought an action in the court below against the board of education of the city of Huron, S. D., the defendant in error, upon 300 coupons cut from 120 bonds of the defendant, issued October 4,1890. At the close of the evidence the court instructed the jury to return a verdict for the defendant, and, upon that verdict, rendered judgment in its favor. This writ of error is sued out to reverse this judgment. The following is a copy…
1Opinion of the CourtSanborn, Circuit Judge
Before entering upon the discussion of any other question in this case, it is well to dispose of the contention that the holders of these bonds had notice of their invalidity before they paid for them. This contention rests chiefly upon the proposition that the defendant was forbidden by the statute to sell the bonds for less than 98 cents on a dollar (section 1830, Comp. Laws Dak.), and that the New England Loan & Trust Company bought them October 17, 1890, for 97⅛ cents on a dollar. The records of the board of education, however, disclose the facts that Mr. Stick, the president of one of…
2Cases cited45 opinions
- Lake County v. RollinsSupreme Court of the United States · 1889
- United States v. RossSupreme Court of the United States · 1876
- Hedges v. Dixon CountySupreme Court of the United States · 1893
- Marsh v. Fulton CountySupreme Court of the United States · 1871
- Dixon County v. FieldSupreme Court of the United States · 1884
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3Cited by46 opinions
- Illinois Trust & Savings Bank v. City of Arkansas CityCourt of Appeals for the Eighth Circuit · 1896
- City of Huron v. Second Ward Sav. BankCourt of Appeals for the Eighth Circuit · 1898
- Speer v. Board of County Com'rsCourt of Appeals for the Eighth Circuit · 1898
- Board of Com'rs v. SutliffCourt of Appeals for the Eighth Circuit · 1899
- Independent School Dist. of Sioux City v. RewCourt of Appeals for the Eighth Circuit · 1901
41 more not listed; retrieve them via the Exa API.