Hamilton County v. Montpelier Savings Bank & Trust Co.
Court of Appeals for the Seventh Circuit
In Error to the Circuit Court of the United States for the Eastern District of Illinois. The judgment against county of Hamilton is in assumpsit, for recovery upon so-called “funding bonds,” issued by the county, and held by the Montpelier Savings Bank & Trust Company, tlie plaintiff below.
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In Error to the Circuit Court of the United States for the Eastern District of Illinois. The judgment against county of Hamilton is in assumpsit, for recovery upon so-called “funding bonds,” issued by the county, and held by the Montpelier Savings Bank & Trust Company, tlie plaintiff below. These bonds were issued under the provision of a general act of tlie Legislature of Illinois, mentioned in the bonds-^being chapter 113, Rev. St. 1881; 3 Starr & C. Ann. 111. St. par. 1, c. 113 — authorizing issuance of bonds by municipalities for the purpose of funding and retiring outstanding…
1Opinion of the CourtSeaman, Circuit Judge
(after stating the facts as above). The funding bonds upon which this judgment rests are alike in form, recitals, statutory authority, and procedure for issuance, with those involved in Graves v. Saline County, 161 U. S. 359, 16 Sup. Ct. 526, 40 L. Ed. 732, which were upheld as “valid and binding obligations” of the county, in the hands of a bona fide holder for value. That case arose upon a bill filed by the county to enjoin collection and payment of interest upon the funding bonds, wherein the bondholder intervened, and decree passed in favor of the county. On appeal to this court, three…
2Cases cited19 opinions
- Cromwell v. County of SacSupreme Court of the United States · 1877
- Lake County v. RollinsSupreme Court of the United States · 1889
- Hedges v. Dixon CountySupreme Court of the United States · 1893
- Waite v. Santa CruzSupreme Court of the United States · 1902
- Dixon County v. FieldSupreme Court of the United States · 1884
14 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Kocsis v. Chicago Park DistrictIllinois Supreme Court · 1935
- Crawford v. State Ex Rel. A. M. Klemm & SonSupreme Court of Florida · 1933
- Keeney v. County Court of Kanawha CountyWest Virginia Supreme Court · 1934
- Bd. of Educ. of County of Hancock v. SlackWest Virginia Supreme Court · 1985
- Elmhurst National Bank v. Village of BellwoodIllinois Supreme Court · 1939
4 more not listed; retrieve them via the Exa API.