New Farley Nat. Bank v. Montgomery County
Alabama Court of Appeals
Appeal from Circuit Court, Montgomery County; Leon McCord, Judge. Action by the County of Montgomery against the New Farley National Bank to recover an amount alleged due as a balance on the sale of certain bonds. Judgment for plaintiff, and defendant appeals.
1Opinion of the CourtSamford, J.
On March 27, 1907, the county of Montgomery, acting through its board of revenue, entered into a contract with the defendant bank for the sale by the county to the bank of $150,000 of road and bridge bonds, to be dated May 1, 1909, maturing 50 years from date, with interest at 4% per cent, per annum, for which the defendant agreed to pay on delivery at the defendant bank $150,000, accrued interest to date of delivery, and a premium of $3,000; the bonds to be delivered on or before June 1, 1909, or “as soon as they- can be prepared and executed by the proper officials, and as soon as the…
2Cases cited43 opinions
- Peterson v. . the Mayor, C., of New-YorkNew York Court of Appeals · 1858
- Mobile County v. WilliamsSupreme Court of Alabama · 1913
- Mills v. GleasonWisconsin Supreme Court · 1860
- Speed v. CockeSupreme Court of Alabama · 1876
- Estate of Lamb v. MorrowSupreme Court of Iowa · 1908
38 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Sloss-Scheffield Steel & Iron Co. v. GardnerAlabama Court of Appeals · 1920