James v. Tallahatchie Drainage Commission
James v. Tallahatchie Drainage Commission
Opinion of the Court
Since the decree of the court below was rendered the statute-under which the Tallahatchie drainage commission was proceeding to issue the bonds in question has been amended, Laws 1910, ch. 182, p. 169, so as to prescribe the conditions upon which bonds may be issued. This act, among other things, provides: “And no such bonds heretofore issued, or attempted to be issued, but not yet delivered, and no such bonds hereafter attempted to be issued and sold, shall be valid or binding on the said drainage commission until the same be endorsed by the treasurer thereof, in writing, that he has duly registered said bonds to the owner thereof, as hereinafter provided. Before any such bonds shall be’entitled to registry and indorsement'by the treasurer, and before they shall become valid and binding as the obligations of" the said drainage commission, or on any property in said drain
The decree of the court below is reversed, the injunction reinstated, and the cause remanded.
Reversed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.