Bardstown & Louisville Tpk. Co. v. Commonwealth
Bardstown & Louisville Tpk. Co. v. Commonwealth
Opinion of the Court
Opinion by
The state of Kentucky was a stockholder in the Turnpike company and directly interested in having the bridges that had been destroyed rebuilt. For this purpose the state agreed (Acts 1865-6, Ch. 53, § 1) to appropriate the sum of $5,000, provided a like amount was raised by the private stockholders. This was
The second section of the act making the appropriation by the state provides the manner in which the money is to be repaid to the state and the other stockholders; and the repeal of the third section (1 Acts 1869, Ch. 1474) leaves the act complete, with the full power on the part of the state to demand and receive the money. There is no evidence of any donation or release of the principal sum or the dividends, by the state to the other stockholders; but on the contrary the legislative intent to be gathered from the repeal of the third section is that the second section should remain in force and the rights of the state be preserved by it. We can well see why the third section should have been repealed, but it is needless to speculate upon the purpose in view, as this repeal in no manner affects the rights of the state.
Judgment affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.