Henderson v. Cass County
Supreme Court of Missouri
Appeal from Bates - Circuit Court. — Hon. D. A. DeArmond, Judge. (1) On the first of April, 1889, the plaintiff had the right to demand an exchange of his six-per-cent. bonds for the new fives at par, and was not bound either to receive the money that was tendered for them, or to take the new fives at their market value. Sess. Acts, 1887, p. 26 ; Sess.
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Appeal from Bates - Circuit Court. — Hon. D. A. DeArmond, Judge. (1) On the first of April, 1889, the plaintiff had the right to demand an exchange of his six-per-cent. bonds for the new fives at par, and was not bound either to receive the money that was tendered for them, or to take the new fives at their market value. Sess. Acts, 1887, p. 26 ; Sess. Acts, 1889, p. 26 ; R. S. 1889, sec. 835; Carpenter v. Hindman, 32 Kan. 601; Merrill x>, Monticello, 138 U. S. 673 ; Lloyd r. Altoona, 134 Pa. St. 545 ; The Century Dictionary, “Exchange;” Webster’s Dictionary, “Exchange ;” Adams v. Helm, 55…
1Opinion of the CourtBlack, J.
Plaintiff was the owner of bonds to the amount of $37,700, being apart of a series of six-per-cent, compromise and funding bonds issued by the defendant county on the first of February, 1883. The bonds were payable at the National Bank of Commerce in New York, twenty years after date. They contained a stipulation to the effect that the county might, at its option, pay them and the accrued interest at any time after five years, that is to say, at any time after February 1, 1888. This is a suit on seventy-one coupons detached from the bonds, representing the interest falling due on the first of…
2Cases cited2 opinions
- Adams v. HelmSupreme Court of Missouri · 1874
- Mahan v. WatersSupreme Court of Missouri · 1875
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- Comstock v. LagerMissouri Court of Appeals · 1899
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