101 F. 768 | 8th Cir. | 1900
This was an action by a bona fide purchaser of coupons cut from bonds issued under chapter 107 of the Laws of Kansas of 1876. The defense was that the proposition upon which the bonds were issued, and which received the favorable vote of'the electors of the county, was" to issue bonds due in 30 years, but payable upon call at any time after 10 years; that the coupons in suit were for interest due after the expiration of the 10 years, and after the bonds had been called for payment. The bonds themselves were not payable at the expiration of 10 years, but were bonds payable 30 years after their date. They contained this recital:
“This bond, is one of a series of one hundred and thirty-six bonds of a like tenor, effect, and amount, executed and issued by the county commissioners of said Cowley county by virtue and in pursuance of an act of the legislature of the state of Kansas entitled ‘An act to enable counties, townships and cities to aid in the construction of railroads, and to repeal section eight of chapter thirty-nine of the Laws of 1874,’ approved February 25, 1876, and the acts of the legislature of said state amendatory thereof and supplemental thereto, and in pursuance of and in accordance with the vote of a majority of the ■qualified electors of said Cowley county at a special election regularly called and held therein on the 29th day of April, 1879.”
