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Supreme Court Decides Question Rais ed by 942,500 Bond Imus. ‘The state supreme court at Boise Tuesday, upholds the validity of the city of Lewiston iame of $62,500 re funding Bondy and declares Lewiston's special charter 7 ‘constitutional. ‘The came came before the supreme court on and from the district court of Nes Perce county, wherein Judge Breele rendered judgment for the city in an action to restrain the bond issue. Bull was brought by ©. E. Butler against the city. The legal proceedings were in the shape of a friendly suit to determine the alidity of the bond issue, Thorough Stete, C. A. Hastmnan, of thin city, F. H. Rollins Bons, of Boston, were, the highest bidders for the bonds, ofer- Ine premium of $687.50 for the $62, 100 insue. ‘This temue was to draw 5 per cent Interest, while the outstanding warrants are now coating the taxpayer* 7 per cent Interest every 12 months It was understood by the parties to the suit that the city is to pay the cost of the proceedings and the hire of its own attorney, while Rollins Sone wHL in turn furnish the blank bon to free, and pay their own attorney. Me Hastings in in revelpt of a letter are the bond buyers, who state that if ma tors are concluded quickly the bonds can be printed before January 1. The American National bank of Kanan City tried down a chance to secure these bonds as their attorney held that the special charter of the city of Lewiston was invalid, evidently overlooking the fact that the supreme court had already ruled on this point. Fifteen points were involved in the case, the principal one being whether or not Lewiston won a legally organi zeed corporation. The city a special charter gran BF Bm act of the 1 legislature , 2068 tote aes a ets rae ee
Newspaper Details
Lewiston Inter State News
Lewiston, Idaho, US
Fri, Nov 10, 1905
Page 1
Full Page
Clipped by
Charity W.
USA 26 Jun 2026
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