Twp. of Lodi v. Little Ferry Nat. Bank

This is a suit to compel the surrender and cancellation of certain bonds and notes issued by the township of Lodi, on the ground that the securities were affected with such illegality as to render them void.

All the securities for which this relief is sought are in the hands of defendant Little Ferry National Bank, to whom they were originally issued. The validity of certain other bonds and notes in connection with the same transaction was attacked in the bill, but is not now in question. Some have passed into other hands, and have been paid and the validity of certain others is now conceded.

Th…