[DOWNLOAD] "United States, Ex Rel. v. Council of Keokuk" by United States Supreme Court " eBook PDF Kindle ePub Free
eBook details
- Title: United States, Ex Rel. v. Council of Keokuk
- Author : United States Supreme Court
- Release Date : January 01, 1867
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
Mr. Howell, for the plaintiff in error, and by Messrs. Strong and Craig, contra. The General Assembly of the State of Iowa, by a law passed January 29th, 1857, authorized the corporation defendants to levy a direct tax of one hundred and fifty thousand dollars for the benefit of the Keokuk, Mount Pleasant, and Muscatine Railroad Company, and to issue the bonds of the city for the amount, payable in one, two, and three years, with interest coupons annexed, at the rate not exceeding ten per cent. per annum.1 They voted the tax and issued the bonds, and the relator became the bona fide holder for value of twenty-five of the bonds before their maturity. Payment being refused after their maturity, he brought suit on the same in the Circuit Court of the United States for the District of Ioa , against the defendants, but the judges of the court being interested in the matters involved, the cause was duly transferred to the Circuit Court of the United States for the Northern District of Illinois, as appears by the record.