The Law of Ralways

The Law of Ralways

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1867 edition. Excerpt: ...v. Maysville & Lexington Railw., 13 B. Monr. 1; Cass v. Dillon, 2 Ohio St, 607; Thompson v. Kelly, Id. 647. In Fosdick v. Village of Perrysburg, 14 Ohio State, 472, it was held, following Cass v. Dillon, 2 Id. 607, that special acts, authorizing certain municipalities to subscribe for stock and issue bonds in aid of certain railroads, were not abrogated either by subsequent changes in the constitution or by the subsequent repeal of all acts for the organization or government of municipal corporations; nor did a limitation of the taxing power for the payment of interest on such bonds remove the obligation to impose sufficient taxes to pay the interest on act of legislation, to the stock of railways, have been held valid if confirmed by subsequent legislative sanction.2 bonds issued under such special acts, though for this purpose it should be necessary to exceed the limitation subsequently fixed. And a slight misnomer of the municipality issuing such bonds does not affect their legality. The general question of the construction of legislative acts is here ably discussed. And see Commissioners of Knox County v. Nichols, 14 Ohio State, 260. And slight misnomers and variations from directory provisions were also disregarded in Maddox v. Graham, 2 Met. (Ky.) 56. In Evansville, &c. Railw. v. Evansville, 15 Ind. R. 395, suit was brought against the City of Evansville upon a subscription to the stock of the railroad company. The contract of subscription was executed on behalf of the city by its.mayor, purported to be made in pursuance of an order of the common council, and was conditioned: 1. That the company should receive the bonds of the city at par in payment of the subscription; 2. That the bonds thus issued were not to be convertible into stock, ...show more

Product details

  • Paperback | 394 pages
  • 189 x 246 x 21mm | 703g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236658507
  • 9781236658500