Ballard-Hassett Co. v. City of Des Moines

(dissenting). — Prior to January 1, 1923, the defendant city began the improvement of a street known as “Keosauqua Way.” The cost of the improvement, in the amount of $616,000, was paid by the proceeds of the sale of bonds, secured by an assessment upon the property abutting upon said street. The bonds matured serially. The plaintiff is the owner of Bond No. 616. The issue of which plaintiff’s bond •is a part was sold to the Iowa National Bank of Des Moines, Iowa, on July 2, 1923, for a premium of $5,700, and the plaintiff paid for his bond, at the time of his purchase thereof, the par value…