The President v. Frick
Decision Date | 30 April 1864 |
Citation | 34 Ill. 405,1864 WL 2998 |
Parties | THE PRESIDENT AND TRUSTEES OF THE TOWN OF KEITHSBURGv.CHARLES A. FRICK. |
Court | Illinois Supreme Court |
ERROR to Circuit Court of Mercer County.
Debt by defendant in error against plaintiffs in error, upon certain coupons for interest alleged to be due upon certain bonds dated June 1, 1857, and executed by plaintiffs in error to the Warsaw & Rockford Railroad Company, of which bonds the defendant in error was the holder. These bonds and the coupons thereto attached were issued in pursuance of the following ordinance of May 4, 1857:
“Whereas, by virtue of an ordinance of a board of trustees of the corporation of the town of Keithsburg, heretofore made, said corporation then being duly authorized under a general act of the legislature of the state of Illinois, providing for the incorporation of towns and cities, an election was held in said town by the citizens, legal voters thereof, to vote for or against said corporation subscribing to the capital stock, in a sum not exceeding $20,000, to the Warsaw and Rockford Railroad Company, on the 4th day of November, 1855, in pursuance of public notice duly given by the clerk of said board of town trustees, which said election was conducted in the usual form, and which resulted in a unanimous vote in favor of taking said subscription; and whereas, afterwards, on the 16th day of February, A. D. 1857, a special charter was granted, incorporating the said town of Keithsburg, whereby the subscription taken as aforesaid was legalized by the provisions following, to wit:
Now, therefore, be it ordained, by the president and trustees of the corporation of the town of Keithsburg:
SEC. 1. That the president of said board is hereby authorized, empowered and directed to subscribe in the sum of twenty thousand dollars to the capital stock of the Warsaw and Rockford Railroad Company, on the behalf and in the name of said corporation, by which said act of its executive officer the faith of said corporation shall be irrevocably pledged to said company in the sum of twenty thousand dollars; that for the assessments or estimates heretofore made, and hereafter to be made, on that portion of said Warsaw and Rockford Railroad between the stations at or near the town of Keithsburg, in Mercer county, and the town of Oquawka, in Henderson county, including the first five per cent. to be paid upon subscription, the president and clerk of said board, for the time being, shall execute the bonds of said corporation for the sum of one thousand dollars each, for the amount so assessed upon the stock so subscribed by the said corporation of Keithsburg, signed by the president as provided for by the act of incorporation aforesaid, and also that the same bonds be attested by the clerk of said board, which said bonds shall be dated when...
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Weber v. City of Helena
...Upon this point early cases in that state (Cowgill v. Long, 15 Ill. 202;Schofield v. Watkins, 22 Ill. 66;President, etc., of Town of Keithsburg v. Frick, 34 Ill. 405) do not seem to be in harmony with Marshall v. Silliman, 61 Ill. 218,Wiley v. Silliman, 62 Ill. 170, and later cases, some of......
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Weber v. City of Helena
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