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[Download] "Cincinnati City v. Morgan" by United States Supreme Court * Book PDF Kindle ePub Free

Cincinnati City v. Morgan

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eBook details

  • Title: Cincinnati City v. Morgan
  • Author : United States Supreme Court
  • Release Date : January 01, 1865
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 65 KB

Description

By an act passed by the legislature of Ohio, 20th March, 1850, the city of Cincinnati was authorized to issue its bonds to the amount of $1,000,000, to be lent to the building of railroads terminating in the city, or to be subscribed to their capital stock, on a vote of the qualified voters of the city, and of the City Council. The Ohio and Mississippi was one of these roads. A vote was obtained in favor of this railroad company, agreeing to the issue of bonds to the amount of $600,000 of the city, to be secured by a mortgage upon such property of the company as the City Council should require. The seventh section of this act of 1850 provided, in substance, as follows:


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