Board of Education v. Blodgett

The board of education of Normal school district, defendant below and appellant here, was incorporated in 1867, by special act of the legislature. (3 Private Laws of 1867, p. 329.) The act by which it was incorporated was declared to be a public act. On July 15, 1867, the board borrowed of W. E. Woodward $1500, and issued to him therefor three bonds, for the sum of $500 each, and numbered, respectively, 30, 31 and 32, said bonds bearing interest at the rate of ten per cent per annum, payable semi-annually. Said bonds were afterwards purchased from the holders thereof by Charles H. Blodgett,…