Niantic Savings Bank v. Town of Douglas

This was a bill in chancery filed by appellees against appellants to cancel certain bonds issued by the Town of Douglas. The Bloomington and Ohio Eiver Bailroad Company was incorporated by the Legislature of Illinois in 1869. Private Laws of 1869, Yol. 2, page 947.

The only sections of the act which have a bearing on the questions involved in this case, are the following:

“ Section 8. The several counties, cities, villages, incorporated towns, and the several townships in counties having township organization, through or near which the said road shall be located, are hereby authorized to raise…