Shaw, McDermott & Sparks, Inc. v. Town of Danbury

Appellee town of Danbury issued 70 serially numbered street improvement bonds in anticipation of the deferred payment of a single levy of special assessments. The bonds bore date 'January 1, 1929, and each was in the amount of $1,000. Bonds numbered 1 to 7 inclusive each contained the town’s express promise to pay same on May 1, 1929. In like terms seven certain bonds were payable on May 1 of each of the years 1950 to 1938 inclusive. Those of the bonds that by their terms were payable on dates prior to and including May 1, 1935, numbered 1 to' 49 inclusive have been paid in full. Bonds…