Kansas Bitulithic Paving Co. v. United States Fidelity & Guaranty Co.
Kansas Bitulithic Paving Co. v. United States Fidelity & Guaranty Co.
Opinion of the Court
The bond upon which the appellee recovered judgment was given to stay proceedings here in a case where the judgment of the district court was
There was evidence sufficient to support a finding that the city had exercised its option at the time the restraining order was granted and had notified the appellee that it would issue its bonds instead of paying cash. There is no merit in the contention that the appellee could probably not have sold the bonds on the market until the question of their validity was finally determined. There was testimony that the appellee had sold them, or at least had arranged to sell them at par, and that the market value depreciated during the time the restraining order was in force. Damages for the depreciation in the value of the bonds under these circumstances were not remote or speculative and were properly allowed. (Clay Center v. Williamson, 79 Kan. 485.)
We find no error in the record, and the judgment is affirmed.
Reference
- Full Case Name
- The Kansas Bitulithic Paving Company v. The United States Fidelity and Guaranty Company
- Cited By
- 3 cases
- Status
- Published
- Syllabus
- 1. Damages — Injunction—Bond Issue — Interest. Under the circumstances it was proper to allow the plaintiff, interest on money borrowed during the time it was deprived of municipal bonds the issuance of which was enjoined. 2. -Depreciation in Value of Bonds. A claim that damages for the depreciation in value of bonds pending a suit to enjoin their sale were remote and speculative not sustained.