20 A.D. 535 | N.Y. App. Div. | 1897
This action is brought by the plaintiff, as a taxpayer of the village of Jamaica, to restrain the defendants, who are the trustees .and treasurer of that village, from paying any money on account of the principal or interest of certain bonds issued for the acquisition of a public park, and from incurring or paying any money for the-care and improvement of such park.
At a special election, held on the 29th of June, 1897, a majority of the electors of said village voted in favor of the adoption of a resolution authorizing the trustees to acquire for a park a certain plot of real estate in the village, and for the- purpose of such acquisition to raise the sum. of $50,000, in ten annual installments of $5,000 each; and, in addition thereto, interest at the rate of four per cent per annum upon certificates of indebtedness or bonds. The trustees, in pursuance of this authority, acquired the specified real estate for the purpose of a park, and executed and delivered to. the vendors the $50,000 in -bonds or certificates of indebtednbss, which are the subject of this, controversy. The validity of the bonds is assailed because electors of the town, not owners, either in their own right, or in that of their wives, of property assessed upon the assessment roll of the village, were allowed to participate iii- the election. For this reason the Special Term held the election void.
We think the election Was properly held. The statute -of 1888
It is urged that the act of 1888 does not authorize the village to issue its bonds for the payment of a park. This may be conceded, but the trustees are authorized on a vote of a majority of the electors to acquire the land and contract therefor, and to cause the sum necessary to procure the title thereto to be raised by taxation, either in a single sum or by installments. This plainly authorized the purchase, either in whole or in part on credit. (Ketchum v. City of Buffalo, 14 N. Y. 356.) It may well be that, though the village was authorized to purchase on credit, it was not authorized to issue negotiable bonds, either directly in. payment of land or for the purpose of borrowing money thereon from other persons, to be applied
The order should be reversed, with ten dollars costs and disbursements, and the injunction dissolved, with ten -dollars costs to abide the event. '
All concurred, except Goodrich, P. J,, not sitting.
Order reversed, ¡with ten dollars costs and" disbursements, and injunetiorpd-issolved, with ten dollars costs to abide the event óf the action.