Commissioners of Johnston County v. Lacy
Supreme Court of North Carolina
Civil actioN beard on case agreed before bis Honor, W. A. Devin, J., .•at June Term, 1917, of Wake. From tbe facts as presented, it appears that O’Neal Township in Johnston.County, having decided by popular vote to apply to the State for a loan of $40,000 to establish and maintain a system of public roads in said township, pursuant to the provisions of chapter 6, Laws 1917, entitled “An act to encourage road building in North Carolina by State aid,” and the result having…
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Civil actioN beard on case agreed before bis Honor, W. A. Devin, J., .•at June Term, 1917, of Wake. From tbe facts as presented, it appears that O’Neal Township in Johnston.County, having decided by popular vote to apply to the State for a loan of $40,000 to establish and maintain a system of public roads in said township, pursuant to the provisions of chapter 6, Laws 1917, entitled “An act to encourage road building in North Carolina by State aid,” and the result having been duly certified to the Board of Commissioners of said county, that body passed a resolution to levy a special tax in…
1Opinion of the CourtHoke, J.
Chapter 6, Laws 1917, is a statute designed to enable the State to lend its aid to road building and maintenance in the counties, townships and road districts properly applying therefor under its provisions. In general terms, the scheme and purpose is that the State shall procure the money by issuing its coupon bonds, payable forty-one years from date, bearing interest at 4 per cent, and advance the money so obtained to localities applying for the same on receiving the bond of the respective counties promising to pay interest on the amount loaned *144at 5 per cent for said period of forty-one…
2Cases cited11 opinions
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- Chicago & Grand Trunk Railway Co. v. WellmanSupreme Court of the United States · 1892
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- People ex rel. Detroit & Howell Railroad v. Township BoardMichigan Supreme Court · 1870
- City of Lexington v. McQuillan's HeirsCourt of Appeals of Kentucky · 1839
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- Moseley v. WelchSupreme Court of South Carolina · 1946
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