Toole County Irr. Dist. v. Moody

MATHEWS, Circuit Judge.

Prior to April 27, 1937, appellees, Robert Moody, August J. Lang, Jr., and R. F. McMullen,1 acquired 42 bonds of $500 each (Series B) dated July 1, 1921, 50 bonds of $500 each (Series C) dated January 1, 1922, and 55 bonds of $1,000 each (Series D) dated January 1, 1922 — in all, 147 bonds aggregating the principal sum of $101,0002 —issued by the board of commissioners of appellant, Toole County Irrigation District, a Montana corporation, hereafter called the district. The bonds bore 6% interest and were due, but not paid, on January 1, 1930. Interest thereon was paid…