The Aberdeen examiner. [volume] (Aberdeen, Miss.) 1866-current, 1883-05-03

phis & Selma Railroad Bond case
which came up for argument by cou-
nsel:
In the District Court of the United
States, for the Northern District of
Mississippi, at Aberdeen, April
Term, 1883.
S. KATzENBERGERs Sons,
VS..
The CITY OF ABERDEEN.
The questions now presented arise
upon Defendants demurrer to Plain
tifI's declaration.
The demurrer raises the question as
to whether or not the declaration sets
out good cause of u claim against
the defendant, which involves the
examination of the facts as set out ON
the face of the declaration, and the
rules Of law applicable thereto.
The declaration in substance over
that the defendant is a corporate
body, created by the laws Of the State
of Mississippi. That by an act Of Che
[ Legislature Of this Stare, said corpo-
ration was authorized 10 subscribe
and contract with any Railroad
Company, for capital stock therein,
for the use OF said city of Aberdeen,
which Act was approved on the l5,h
Of November, 1898.
That afterwards under and by the
authority of the laws of said State, a
Eailroad Company was organized, by
the name of the Memphis, Holly
Springs, Okolona and Selma Railroad
Company. And that afterwards the
defendant by its Mayor and Select
men did subscribe for one thousand
Shares of the capital stock in said
Railroad Company, at one hundred
dollars per share, aud as part Of said
subscription, contract and agreement,
did contract, and agree to issue and
deliver to said company, in payment
for said capital stock, its bonds with
l;n4aroe+ onurone ,+,cbaI o,nourt;n,c
70 ono bnndIod thnnsand 1nIIors d,,o
on1 na:aIIa tn,ant, ,,aa., ogtoa 1at,
thot I ;m nor'nance y - ssa;J cnntr,ct aMj
subscri ption, sad subscription was
made, and said bonds were issued,
anJ ,."na,1 ~, ,a; ~ ,,L;,}'
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at ~ ag..a ~, ,a;a o,'',,,,n,. an ~
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frIlo";nlr roo;,,,ino tou,;,. WTb;,
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# I,a S,oio ~ IT;.sis,;;,,,,i ond tbo
.b,rte, If tbo citv or ALla,donn and
the ordinance passed bv the Mavor
aud Se!ectnen Of the city of Aber-
( deem. on the 25th day of April, 1870. 9"
Copies of the bonds and interest cou-
poas attached, are set out in the de-
clara.ion. as we'll as a copy of Che
ordnance of the Mavor and Select
men AUTHORIZING the subscription and
issuaoce of the bonds and coupons.
The declaration further AYERS, that in
March, 1874, the plaintiffs became,
and are tie beavers, owoers and hold
ers fer value of one hundred and fifsy-
six of the two hundred bonds so
issued. Amounting to the sum of
S7SC00, with the interest coupons
attached, except that the first seven
coupons on each. had before that time
been de.acred end paid.
Theeo are all the rec,,aSioas THAI
need he made from the declarosion.
to on understanding of the question
raised by the demurrer.
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