Board of Com'rs of Cowley County v. Heed

SANBORN, Circuit Judge.

This was an action by a bona fide purchaser of coupons cut from bonds issued under chapter 107 of the Laws of Kansas of 1876. The defense was that the proposition upon which the bonds were issued, and which received the favorable vote of'the electors of the county, was" to issue bonds due in 30 years, but payable upon call at any time after 10 years; that the coupons in suit were for interest due after the expiration of the 10 years, and after the bonds had been called for payment. The bonds themselves were not payable at the expiration of 10 years, but were bonds…