Sykes v. Mayor of Columbus
Mississippi Supreme Court
• Error to the Circuit Court of Lowndes County. • Hon. J. S. Hamm, Judge, specially presiding, by exchange with Hon. J. M. Arnold. On November 1, 1869, the mayor and aldermen of the town of Columbus caused to be issued to the Memphis, Holly Springs, Okolona & Selma Railroad Company a large number of bonds, with coupons of interest attached; which bonds were signed by the mayor, and countersigned by the treasurer and secretary of the board, for the town of Columbus.
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• Error to the Circuit Court of Lowndes County. • Hon. J. S. Hamm, Judge, specially presiding, by exchange with Hon. J. M. Arnold. On November 1, 1869, the mayor and aldermen of the town of Columbus caused to be issued to the Memphis, Holly Springs, Okolona & Selma Railroad Company a large number of bonds, with coupons of interest attached; which bonds were signed by the mayor, and countersigned by the treasurer and secretary of the board, for the town of Columbus. The bonds recite that they are “issued under, and pursuant to, the Constitution and laws of the state of Mississippi, the Charter…
1Opinion of the CourtSimrall, C. J.
The power of municipal corporations to subscribe for stock,, or to loan its credit in the form of bonds, with coupons for interest attached, in aid of railroad companies, has, under-various legislation in the last few years, been a most fruitful-subject of litigation.
In many aspects in which the subject has been presented, the-argument may be considered closed, and a finality.
In the solution of such questions we can derive very little aid by recurring to the common-law corporations, whose powers and capacities rest on prescription and long usage. In these states corporations, municipal and…
2Cases cited6 opinions
- Brady v. . the Mayor, C., of the City of New YorkNew York Court of Appeals · 1859
- Zabriskie v. Cleveland, Columbus, & Cincinnati RailroadSupreme Court of the United States · 1860
- Thomson v. Lee CountySupreme Court of the United States · 1866
- Hawkins v. Board of SupervisorsMississippi Supreme Court · 1874
- City of Lafayette v. CoxIndiana Supreme Court · 1854
1 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Weinberger v. Board of Public InstructionSupreme Court of Florida · 1927
- Grenada County Supervisors v. BrogdenSupreme Court of the United States · 1884
- Russell v. TateSupreme Court of Arkansas · 1889
- Schneck v. City of JeffersonvilleIndiana Supreme Court · 1898
- Love v. Mayor Bd. of AldermenMississippi Supreme Court · 1932
13 more not listed; retrieve them via the Exa API.