Keene Five-Cent Sav. Bank v. Lyon County
U.S. Circuit Court for the District of Northern Iowa
This was an action on funding bonds issued by defendant county. A jury trial having been waived, the evidence was submitted to the court, and the facts found to he as follows: (1) Plaintiff, the Keene Five-Cent Savings Bank, was when this action was btought, and is now, a corporation created under the laws of the state of New Hampshire; and the defendant county was when the suit was brought, and is now, a corporation created under the laws of the stale of Iowa, the county…
Read the full summary
This was an action on funding bonds issued by defendant county. A jury trial having been waived, the evidence was submitted to the court, and the facts found to he as follows: (1) Plaintiff, the Keene Five-Cent Savings Bank, was when this action was btought, and is now, a corporation created under the laws of the state of New Hampshire; and the defendant county was when the suit was brought, and is now, a corporation created under the laws of the stale of Iowa, the county being organized in January, 1872. (2) The first state and county tax lists for the county were those for the year 1872,…
1Opinion of the Court
SHIRAS, District Judge.
The evidence in this case shows that the series of bonds issued by the defendant county, under date of July 1, 1885, and amounting to the sum of $20,000, were issued for the purpose of funding the then outstanding warrants of the county, and the bonds upon their face referred to the several acts of the general assembly of the state of Iowa, which conferred upon the county full authority to issue negotiable bonds for the purpose named. As the total amount of this series of bonds did not reach the 5 per cent, limitation imposed upon the power of the county to create…
2Cases cited5 opinions
- Gunnison County Commissioners v. RollinsSupreme Court of the United States · 1899
- Sioux City Terminal Railroad & Warehouse Co. v. Trust Co. of North AmericaCourt of Appeals for the Eighth Circuit · 1897
- Doon Township v. CumminsSupreme Court of the United States · 1892
- City of Huron v. Second Ward Sav. BankCourt of Appeals for the Eighth Circuit · 1898
- Lyon County v. Ashuelot Nat. Bank of KeeneCourt of Appeals for the Eighth Circuit · 1898
3Cited by3 opinions
- Schmitz v. ZehSupreme Court of Minnesota · 1904
- Truman v. Inhabitants of HarmonyDistrict Court, D. Maine · 1912
- City of Pierre v. DunscombCourt of Appeals for the Eighth Circuit · 1901