Society for Savings v. City of New London
Supreme Court of Connecticut
Debt, for the interest on thirty-one bonds of the city of New London, the interest being certified by interest warrants appended to the bonds. One of the bonds, with the interest warrant belonging to it, was as follows: the others being like it with only a change of numbers. New London City Scrip.
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Debt, for the interest on thirty-one bonds of the city of New London, the interest being certified by interest warrants appended to the bonds. One of the bonds, with the interest warrant belonging to it, was as follows: the others being like it with only a change of numbers. New London City Scrip. United States of America, State of Connecticut, — Certificate, No. 38, $1000. This certifies that the Mayor, Aldermen, Common Council, and Freemen, of the city of New London, are indebted to the New London, Willimantic and Palmer Railroad Company, or bearer, in the principal sum of one thousand…
1Opinion of the CourtEllsworth, J.
The legislature of this state, by a resolution passed in 1847, empowered the city of New London to issue scrip or certificates of debt, to an amount not exceeding *190$100,000, to aid in the construction and completion of the road of the New London, "Willimantic and Springfield Railroad Company, a corporation chartered at the same session of1 the legislature. To this resolution was appended a proviso, that the power so given should not take effect until the resolution was approved by a two-thirds vote of the citizens, and a copy of their doings lodged in the office of the secretary of the state.
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2Cases cited2 opinions
- Craig v. City of VicksburgMississippi Supreme Court · 1856
- Gould v. Town of VeniceNew York Supreme Court · 1859
3Cited by27 opinions
- Comm'rs of Leavenworth Co. v. MillerSupreme Court of Kansas · 1871
- First Nat. Bank v. . Ocean Nat. BankNew York Court of Appeals · 1875
- Bloomfield v. Charter Oak BankSupreme Court of the United States · 1887
- Town of Venice v. MurdockSupreme Court of the United States · 1876
- Washington County v. WilliamsCourt of Appeals for the Eighth Circuit · 1901
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