Western Lumber & Pole Co. v. City of Golden
Colorado Court of Appeals
Error io Jefferson District Court. Hon. Flor Ashbatjgh, Judge.
1Opinion of the Court
Cunningham, Presiding Judge.
In February, 1903, tbe City of Golden {hereinafter for convenience referred to as the City) entered into a contract with Ronald P. McDonald (to whom we shall hereafter refer as the contractor) whereby the contractor was to construct a system of water works for the City. By the terms of this contract McDonald was to receive in payment for his work and material $95,000, $50,000 of this amount to be paid in bonds issued by the city for the purposes of constructing the water works. The total bond issue was $100,000, $50,000 of said bonds being sold for cash, at par, to…
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