Search Supreme Court Cases


U.S. Supreme Court

Moran v. Commissioners of Miami County, 67 U.S. 2 Black 722 722 (1862)

Moran v. Commissioners of Miami County

67 U.S. (2 Black) 722


1. Acts of incorporation and other statutes granting special privileges are to be construed strictly, and whatever is not given in unequivocal terms is withheld.

2. But this principle must be applied with reference to the subject matter as a whole, and not in such manner as to defeat the general intent of the legislature.

3. A county or other municipal corporation being authorized by statute to borrow money and issue bonds for the payment thereof, if the bonds be made and delivered reciting the facts, which show them to have been regularly issued, the county is estopped to deny their regularity or to assert that they were not made in conformity to the statute.

4. Such bonds, with interest warrants annexed, are commercial securities; the holder of them has a full title, and as against one who has taken them in good faith, the county cannot set up the equities which might have been available against the original payee.

Powered by Justia US Supreme Court Center: MORAN V. COMMISSIONERS OF MIAMI COUNTY, 67 U. S. 722 (1862)

Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.