Nesbit v. Riverside Independent District
Supreme Court of the United States
ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF IOWA.. The court stated the case as follows: This was an action on five bonds purporting to have been issued by the School District, defendant. The case was tried by the court without a jury. Special findings of facts were made, Of which the following are the only ones material,to the questions presented: “ 2d.
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ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF IOWA.. The court stated the case as follows: This was an action on five bonds purporting to have been issued by the School District, defendant. The case was tried by the court without a jury. Special findings of facts were made, Of which the following are the only ones material,to the questions presented: “ 2d. The value of the taxable property within the boundaries of the Independent district, as shown by the State and county tax lists, was for the year 1872 forty-one thousand four hundred and twenty-six dollars,…
1Opinion of the CourtJustice Brewer
Article 11, sec. 3, of the constitution of Iowa of 1857 ordains that “ no county, or other political • or municipal corporation, shall be allowed to become indebted in any manner, or for any purpose, to an amount in the aggregate exceeding five per centum- on the value of the taxable property within such county or corporation — to be ascertained by the last state and county tax lists, previous to the incurring of such indebtedness.” Under that section, the limit of indebtedness which the district could incur at the date of the issue of these bonds was $2071.30. It was already indebted in a…
2Cases cited4 opinions
- Cromwell v. County of SacSupreme Court of the United States · 1877
- Dixon County v. FieldSupreme Court of the United States · 1884
- Buchanan v. LitchfieldSupreme Court of the United States · 1880
- Northern Bank of Toledo v. Porter Township TrusteesSupreme Court of the United States · 1884
3Cited by124 opinions
- Schuylkill Fuel Corp. v. B. & C. Nieberg Realty Corp.New York Court of Appeals · 1929
- New Orleans v. Citizens' BankSupreme Court of the United States · 1897
- Fayerweather v. RitchSupreme Court of the United States · 1904
- Last Chance Mining Co. v. Tyler Mining Co.Supreme Court of the United States · 1895
- Forsyth v. HammondSupreme Court of the United States · 1897
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