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eBook details

• Title: Anderson, Ex'r, Etc. v. Township of Santa Anna
• Author : United States Supreme Court
• Release Date : January 04, 1886
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 68 KB

Description

This is an action to recover from the township of Santa Anna, established under the general township organization laws of Illinois, the amount of certain negotiable bonds, with interest coupons attached, signed by its supervisor and clerk, and purporting to have been issued by it on the first day of October, 1867, 'under and by virtue of a law of the state of Illinois, entitled 'An act to amend the articles of association of the Danville, Urbana, Bloomington & Pekin Railroad Company, and to extend the powers of and confer a charter upon the same,' approved February 28, 1867, and in accordance with the vote of the electors of said township, at the special election held July 21, 1866, in accordance with said act.' Each bond also recites that the faith of the township is 'pledged for the payment of said principal sum and interest.' The circuit court sustained a demurrer to the declaration, and amended declaration, and gave judgment for the township. The act of February 28, 1867, empowered the railroad company to locate and construct a railroad from Pekin, in Tazewell county, through, or as near as practicable, certain named towns to the eastern boundary of the state of Illinois. For the purpose of aiding in its construction, authority was given to incorporated towns or townships in counties acting under the township organ zation law, along the route of the road, to subscribe to the capital stock of the company in any sum not exceeding $250,000. By the thirteenth section of the act it is provided:

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