Board of Education v. McLean

SANBORN, Circuit Judge.

The plaintiff in error, the board of education of the city of Pierre, brings this writ to reverse a judgment against it in favor of the defendant in error, Hector McLean, upon certain coupons cut from bonds issued by it in the year 1890. The act of the legislature under which these bonds were issued authorized this board of education to borrow money and issue bonds in order to raise sufficient funds “for the purchase of a school site or sites or to erect a suitable building or buildings thereon.” The defense to the coupons is that these bonds were issued and their…