City of Charlotte v. Shepard
Supreme Court of North Carolina
CONTROVERSY submitted to the court without action, under Section 567 of The Oode, and heard before Norwood, J., at Chambers, on the 6th day of April, 1897. Elis Honor adjudged that the city of Charlotte had the power to issue the bonds mentioned in the case agreed and to levy taxes for their payment, and gave judgment for the plaintiff, from, which defendants appealed.
1Opinion of the Court
Montgomeky, J.:
This is a controversy submitted without action upon a case agreed under Section 567 of The Code, between the plaintiff, the city of Charlotte, and Shepard & Co., the defendants, arising out of an agreement of the defendants to purchase from the plaintiff certain coupon bonds of the amount of $250,000 to be issued by the city, the proceeds to be used by the city for the purpose of providing a supply of water and a system of sewerage. It was agreed, at the.time of the contract, to purchase the bonds, that the said E. JLJ. Shepard & Co. m ould not be required, under the contract,…
2Cases cited2 opinions
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