Norton v. Shelby County
Supreme Court of the United States
ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE WESTERN DISTRICT OE TENNESSEE. This suit was brought to enforce payment of twenty-nine bonds for $1000 each, issued by the Board of Commissioners of Shelby County, in payment of a subscription by the county to stock in the Mississippi Biver Railroad Company.
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ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE WESTERN DISTRICT OE TENNESSEE. This suit was brought to enforce payment of twenty-nine bonds for $1000 each, issued by the Board of Commissioners of Shelby County, in payment of a subscription by the county to stock in the Mississippi Biver Railroad Company. The form of the bond appears in the opinion of the court, post p. 434. On the 25th February, 1867, the County Court of any county through which that railroad might run, was authorized to subscribe to its capital stock. Laws of 1866-7, page 131, ch. 48, § 6; * which power was enlarged…
1Opinion of the CourtJustice Field
This is an action upon twenty-nine bonds, of $1000 each, alleged to be the bonds of Shelby County, Tennessee, issued on the 1st of March, 1869, and payable on the 1st of January, 1873, with interest from January 1, 1869, at six per cent, per annum, payable annually on thé surrender of matured interest coupons attached; and three coupons of $60 each. The following is a copy of one of the bonds and of a coupon :
Shelby County Railroad Bond No. 176.
Dated at tbe city of Memphis, county of Shelby, State of Tennessee, the first day of March, 1869.
[Seal County Court of Shelby County, Tenn.]
Barbour…
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