Wilkes County v. Coler
Supreme Court of the United States
CERTIFICATE FROM THE CIRCUIT COURT OF APPEALS FOR THE FOURTH ' CIRCUIT. The ultimate question in this case is whether the county of Wilkes, North Carolina, is liable upon certain bonds issued in 1889 in payment of a subscription in its name to the capital stock of the North Western North Carolina Railroad Company.
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CERTIFICATE FROM THE CIRCUIT COURT OF APPEALS FOR THE FOURTH ' CIRCUIT. The ultimate question in this case is whether the county of Wilkes, North Carolina, is liable upon certain bonds issued in 1889 in payment of a subscription in its name to the capital stock of the North Western North Carolina Railroad Company. Each bond was in the usual form of such instruments, was made payable October 1, 1913, and -recited that it was “one of a series of one hundred bonds of the denomination of one thousand dollars each, issued by authority of an act of the General Assembly of North Carolina, ratified…
1Opinion of the Court
Mr: Justice Harlan,
after stating the facts as above stated, delivered the opinion of the court.
This being the case disclosed by the record, we proceed in our éxamination of such matters involved in the certified questions as are presented with sufficient distinctness to require notice at our hands.
The county insists that the bonds in question were issued in violation of the 14th section of Article 2 of the constitution of the State, which is in these words: “ No law shall be passed to raise money on the credit of the State or to pledgé the faith of the State, directly or indirectly, for the…
2Cases cited19 opinions
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