Municipal Bonds Held Void: Including Issues Enjoined, Registration Or Certification Denied, Issuance Not Compelled, Validation Refused and All Proceedings Determining Illegality

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Moody's Magazine Book Department, 1911 - Municipal bonds - 122 pages
The object of this work is the compilation, in the form of a ready reference book, of all cases in the United States holding municipal bonds void or determining their illegality prior to issuance, for use by owners and dealers in municipal bonds and banks ...

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Page 4 - Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Virginia, West Virginia, Wisconsin, and the District of Columbia, over irregular routes.
Page 18 - Dollars gold coin of the United States of the present standard of weight and fineness," with interest from date at the rate of four per cent.
Page 16 - ... as recognizing the validity of the bonds in question. Whatever that provision may mean, it cannot include bonds unlawfully issued. As there was no authority to issue the bonds, even a bona fide holder of them cannot have a right to recover upon them or their coupons.
Page 48 - ... in such sums as they shall determine, to the owners of land, the buildings upon which were burned by the fire in said Boston on the ninth and tenth days of November, 1872, upon the notes or...
Page 61 - A recital in a municipal bond of facts which the corporate officers had authority by law to determine and to certify, estops the corporation from denying those facts; but a recital there of facts which the corporate officers had no authority to determine, or a recital of matters of law, does not estop the corporation.
Page 42 - Apportion and order the levying of taxes, as provided by law. and to borrow, upon the credit of the county, a sum sufficient for the erection of county buildings, or to meet the current expenses of the county, in case of a deficit in the county revenue...
Page 74 - On a return of the writ nulla bona. or unsatisfied, application is made upon an information or relation under oath reciting these facts for a mandamus to compel the levy and collection of a tax to pay the judgment. But if the bondholder is by the statute...
Page 87 - Acts 1875, c. 92), which attempt was void because the certificate of the sheriff holding the election was not indorsed on the application and registered with it, as required by section 8 of the act of 1877, chapter 121. This was the defense set up by defendants, the last board of mayor and aldermen of the town, averring, in consequence, that all acts under such attempted incorporation were void, together with further plea that they had...
Page 15 - Issued" on the day they bore date or on the day they were delivered, they were void in the first case because they were not signed by the "then secretary," as required by the statute, and In the second case because they were antedated, the effect of which was to make them payable within a shorter time than that provided by law. Gilbert, Circuit Judge, dissenting. In Error to the Circuit Court of the United States for the Southern District of California. This was an action at law upon certain Interest...
Page 62 - An act to prescribe and limit the power of school districts having a population of more than fifteen thousand and less than one hundred thousand to borrow money and issue bonds of such district therefor, and to repeal all acts...

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