Thomas v. County of Morgan

The prominent facts of this case, as we gather them from the statement and brief of appellant, and not controverted by appellee, are substantially as follows:

A charter had been granted by the general assembly of this State, under which the Illinois River Railroad Company was organized, and commenced the construction of" their road. The county of Morgan subscribed $50,000 in county bonds to the stock of this company, payable in instalments, as required by the board of directors of the railroad company. These bonds were printed, signed, and ready to be delivered. They bore date September 10,…