Charlotte v. . Shepard

This is a controversy submitted without action upon a case agreed under section 567 of The Code, between the plaintiff, the city of Charlotte, and Shepard Co., the defendants, arising out of an agreement of the defendants to purchase from the plaintiff certain coupon bonds of the amount of $250,000 to be issued by the city, the proceeds to be used by the city for the purpose of providing a supply of water and a sewerage system. It was agreed, at the time of the contract, to purchase the bonds, that the said E. D. Shepard Co. would not be required, under the contract, to take the said bonds…