Wetzell v. City of Paducah

EVANS, District Judge.

For several years previous to 1887 the people of Paducah, believing it would greatly promote the prosperity and growth of their city, were anxious to obtain direct railroad facilities northwardly; and doubtless this desire upon their part induced the legislature of Kentucky to insert in the act to revise the charter of that city, approved May 12, 1884 (2 Acts Ky. 1883-84, p. 1080), the provisions of section 59 thereof, in this language:

“The council, in the name of the city, shall have power to subscribe for and hold and sell stock in any public corporation for the…