UNITED STATES SUPREME COURT DECISIONS ON-LINE

Where, pursuant to the assent given by two-thirds of the qualified voters of a county in Missouri at an election therein, stock in a railway company, which afterwards constructed its road through the county, was subscribed for by the county court, and the county exercised its rights as a stockholder, and issued its bonds to pay for the stock, held that the bonds are not, in the hands of a bona fide holder for value, rendered void by the fact that, at the time of such election, the company was not created according to law.

The facts are stated in the opinion of the Court.