, 1864-04-10

1BGAAAIX VF tUONA1 11VNOSs
At the December term Of the Supreme Court Of
tho United States, Mr. Justice swayne delivered
the opinion of the Conrt In the case Of Gepckc ri
the City Of Dubuque. The case was brought into
court upon writ Of error TO tho District Cput Of
the United States for the District Of Iowa,
The action was to recover upon Coupons, at,
tachcd to certain bonds Of the city Of Dubnaue,
and representing six months interest on said
bonds. Tho bonds reelto that they are given for
o1d In eoadderntion Of stock nj tbn Dnbunne
western RAILROAD comusny. in accordance 1vith tho
saao ~ 1o,,a and an at ~ tba rons-aI Aasornh11
ctota sr7,. ~, -a,,od ,,,,z,: ~. rs11e-
sstsas srh.t ths tonds xro-o fsanaa r. tta nI.s
~ ~ .a nanstrct1nn ~ ,s51.n"a - s-tasssn.
~ ~ 49, - S,sst+s ~ - ~ 60
oosonu .,. ~ - " 'uas ~.
-. ~ W. :, In1 ms1 ~ 49,. Co., ~ s
~ ~, ~ ..,.s ~ ra,s, ,.s,, sa.a,sma ,-aabtasss
~ "-nasS,H. eJno M ~1A''' -0s''~1 -
sams e.sssaanS e!o,oov; s,oo, 49,, ..,s -. ~.
.up 49, ssn t.s-,a .na hanJs >1's 9Ae'~'A4 'A sA'
eg ~. ~ .esas .s.oa...s,. ~ .,. o..,, 3on7
Isa ~. .ta+ 1as-. ~, ~ oat.ss.aS ..,.h a.,
~. ~
ss.,.s LAW o'>|-'~>' ~
- a. sr+ ., 1anna-v 9th ,s.1 the ,c+ ~ ,,co,,o-
..,oa sn,o,aad 60 ns to .nl.t,,a the ctr np,-
It, ~ 49, ,1.nsI,r s,os,s1 49, tn, ~ ra-sant
setnt.raat 1ro; 1ncna Avn ~ oct ~ J.nro.r aath
1as- anho,1,ea ia c3tv ~ nnhnona - r. MI n tho
.ans,-rcann ~ +hs nn6oorc Woste-1, ana ths nn.
S..ana 81 potar 49, a. pon, psf1-nsaa 5, tha ~
to.,t ~ eoto m IN osch csaa srd an,nowera tba
1919, a,t1 S1 ~
1ssulng OF oonos VIII coupons 10 toa! amount.
BY these cnactmcnts II they are valid, ample au-
thority wns given the city to Issue the bonds In
question. r
When corporation has pover, under any cir
curnstancea, to issue negotiable secnritles, the
bona Fde holoef naa fsehI 10 presume tnaI 'oeS
were Issued under the circumstances which GnFe
h1c IA he for auv tnlor1uity in tho hands
=. - ha1s.~ 49,, ~, ntt,.. .,,,,,.-o1o1 ,o,o,
OF SUN no1uet taau als otuet IoI.eten pope1.
mere were any n.tE0m11.es u. II asang me Sotes
II IL remedit d by the net Of January as, 1851.
r. !. r,n;r,ed tbsf 4ho Ta1.trtnro ~ ro1ra hal
nelaiaea oas ~ css,.l.,a ~. 1oMA ~ lnu
| municipal corporations to purchase stock III rail-
road companies, or to Issue bonds In payment for
| snch stn-t ~
Bull eso .t,. ..,ost ,,, 1,.., All
/ 1he ol)ec1ions In tnls rcspcct nave oeen iuly
considered and repeatedly ovcrruled by the
~ saa1ss5 r. 1sse .n5 ~, 1s."st ~ ION n1.s
,ssns and ,rt M nto tts p.,,.an
tho periods named. These adjudica.lous cover The
i or,ira oronnd NJ tho rontrover.v -
ctnue e'ou ~. -. ~
his oFceo ena. .nefe , DECISIONS ~. naSe oeen over
later case Of the.Stats &c Txl the Burlington Gaud
! Missouri River Railroad COMPANY VI Wyo,a1,o
s.-o Ia.Sa aeo h,t ~ .a,s., 'e. ,..:ts 80
| eonnsy ~ !o"A seo' W. IL fela''on 1oe1eto 1ae
| learned Judse femarked: ~. . .
'tTho late ease In iowa and two other caeas or
kindred CHARACTER In ouother Statc. also oTarrung
csrer adiud!cs!!cEr stand out 20 far Is we are M.
| y;.td IN unpnyiaale so,ituie and notnrfe.vn
~, 4nS ~ ~ cnnr,,5eI. |AAu ''0''''e''
na..asar nnn ~ ~ a,nr rsr.,a a.. I'D. H. 7n. II.
HuMusstt ~ .. itbaa s.ss ta.e eaeo ~ LIVE ~