62 Iowa 102 | Iowa | 1883
The defendant by its answer denied specifically nearly every allegation of the petition. Among other
“In case no property of *a municipal corporation against which an execution has issued is found upon which to levy, or if the judgment creditor elect not to issue execution against such corporation, he is entitled to demand and receive of such debtor corporation the amount of his judgment and costs, either in the ordinary evidences of indebtedness issued by such corporation, or in bonds of such corporation, of such character as the parties may agree upon, and if the- debtor issues no script, bonds, or other evidences of debt, a tax must be levied as early as practicable, sufficient to pay off the judgment, with interest and costs, and when a tax has been so levied,*104 and tbe same, or any part thereof, has been collected, the treasurer shall, on demand, without an order from the board of supervisors, or warrant from the clerk thereof, pay the same to the creditor, or his attorney, taking a receipt therefor, and, if not demanded, may pay the same to the clerk of the court where the judgment was rendered, taking his receipt therefor, and if bonds shall be issued in payment of judgments as above provided, said bonds shall be issued in substantially the same form as is provided in chapter 54 of the Acts of the Thirteenth General Assembly of the State of Iowa, entitled ‘An act to provide for the funding of county indebtedness, and for the payment thereof,’ and said bonds shall draw interest at a rate not to exceed 10 per cent., and both principal and interest shall be and become due and shall be payable in the same time and manner as provided for in said chapter, and if not paid when due, the same may be deposited with the auditor of state, who shall take the same steps for the payment of said bonds, with the interest thereon, as is provided in said chapter 54 aforesaid.”
The bond is in substantially the same form as provided in chapter 54 of the Acts of the Thirteenth General Assembly. Whether or not the provision of said last named act, authorizing the deposit of bonds with the state auditor, and the levy of a tax in the manner therein provided, can be complied with as to bonds issued by a city or school district corporation, we need not determine. The question we are required to determine is, whether or not the defendant had the lawful authority to issue the bond. The statute enacts that a “municipal corporation,” may issue bonds as provided therein, and the whole controversy turns upon the question whether, within the meaning of the statute, a school district township may. properly be called a municipal corporation. The word “municipal,” as originally used in its strictness, applied to cities only. But the word now has a much more extended meaning, and when applied to corporations the words “political,” “municipal,” and “public,” are used interchangeably. A
Affirmed.