Talk:County of Daviess v. Dickinson

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Edition: County of Daviess v. Dickinson, States for the district of Kentucky, by Dickinson against the county of Daviess, on bonds and coupons alleged to have been issued under the statute of Kentucky of February 27, 1867, (chapter 1505,) incorporating the Owensboro & Russellville Railroad Company, the material provisions of which were as follows: By section 1, five persons named, in Daviess county, and certain other persons named, in each of four other counties, are 'appointed commissioners, under the direction of whom, or any three of whom, in each of said counties, subscription may be received to the capital stock of the Owensboro & Russellville Railroad Company hereby incorporated' By section 2, 'the capital stock of said Owensboro & Russellville Railroad Company shall be one million dollars, in shares of twenty-five dollars each' By section 19, 'the county courts of Daviess' and those four other counties 'shall have power, and are hereby authorized, to subscribe to the capital stock of said company in such number of shares as may be determined by said county courts, respectively, and to levy upon the tax-payers of such counties, respectively, such taxes as may be necessary to pay the stock so by them respectively subscribed; and said county courts may, if they shall deem it prudent, issue the bonds of said counties, respectively, for the amount of stock subscribed, or any part thereof; said bonds to be in such sums, and payable at such times, as said county courts may determine upon But before such stock shall be subscribed by such county courts, the said county courts shall submit to the voters of said counties the proposition to subscribe stock and the amount thereof, (to be suggested and fixed by the commissioners named herein in each of said counties,) at an election to be held on the third Monday in April, 1867, in each of the counties aforesaid, due notice of which shall be given by the sheriffs in each of said counties, by written advertisements posted in each of the voting precincts thereof for at least thirty days before said day of election; and said stock shall not be subscribed unless a majority of all the votes cast at said election be in favor of such proposition; and said county courts shall have power to appoint suitable and necessary officers to conduct such election, and to provide for the collection of the tax aforesaid, if a majority of the votes cast at such election is in favor of the proposition aforesaid' .
Source: County of Daviess v. Dickinson from http://bulk.resource.org/courts.gov/c/US/117
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