Broadfoot v. City of Fayetteville
Supreme Court of North Carolina
ActioN by C. W. Broadfoioit against tike City of Fayette-ville, beard by Judge Fred. Moore, at February Term, 1901, of tbe Superior Court of Cumberland County. From a judgment for plaintiff for the amount of the bonds and interest at the raJte of 7 per cent, both parties appealed.
1Opinion of the Court
The General Assembly, on 22 March, 1875, enacted a law enabling the proper authorities of the town of Fayetteville to fund the then bonded indebtedness of the town contracted for subscription to stock of the Western Railroad Company, and to execute and deliver new bonds for like amounts in payment of and in exchange for the outstanding bonds, which had been issued under an Act of the General Assembly, in December, 1852, for the payment of the stock of the Western Railroad Company. The rate of interest named (530) in the bonds issued under the Act of 1852 was six per cent, and the rate…
2Cases cited3 opinions
- McCless v. MeekinsSupreme Court of North Carolina · 1895
- Davis v. HarringtonMassachusetts Supreme Judicial Court · 1894
- King v. . PhillipsSupreme Court of North Carolina · 1886
3Cited by6 opinions
- Campbell v. WalkerCourt of Appeals of Georgia · 1917
- Jones v. Commissioners of Franklin CountySupreme Court of North Carolina · 1902
- Board of Com'rs v. Travelers' Ins. Co.Court of Appeals for the Fourth Circuit · 1904
- Jones v. . CommissionersSupreme Court of North Carolina · 1902
- Crews v. CrewsSupreme Court of Georgia · 1931
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