(Download) "Mcdermott v. Bent County" by Colorado Supreme Court # Book PDF Kindle ePub Free
eBook details
- Title: Mcdermott v. Bent County
- Author : Colorado Supreme Court
- Release Date : January 11, 1957
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 56 KB
Description
Plaintiffs complaint filed December 28, 1954, alleged that "At the time of the organization of said Irrigation District [defendant] at an election lawfully held, the landowners of said Irrigation District authorized and directed its Board of Directors to issue $600,000.00 negotiable bonds bearing 6% interest of said Irrigation District and further authorized said Board of Directors to pay the above named indebtedness in the authorized bonds of said district at the rate of $1.00 for each 80 cents of such indebtedness." It was then alleged that "in the manner above recited" the bonds were thereby sold to the plaintiffs, "but due to the neglect of the officers and directors of said district the said bonds were not issued to said creditors." The complaint further alleged that the defendant district had caused a special election to be called for January 3, 1955, to "consider, to-wit: 1. The rescission of the action of the district heretofore taken authorizing the issuance of bonds." It was further alleged that if such rescission was voted it related only to " unsold Bonds in the hands of the Board of Directors." (Emphasis supplied.)
 "Mcdermott v. Bent County" by Colorado Supreme Court # Book PDF Kindle ePub Free){kind=link}