U.S. Supreme Court
County of Chicot v. Lewis, 103 U.S. 164 (1880)
County of Chicot v. Lewis
103 U.S. 164
An act of the Legislature of Arkansas, passed in 1868, authorizes any county to subscribe to the stock of any railroad company in that state, provided the subscription shall not exceed $100,000, and the consent of the inhabitants of the county thereto shall first be obtained at an election held for that purpose. At an election held under that act, the voters of a county voted to subscribe $100,000 to the stock of company A. and $100,000 to the stock of company B.
1. That the act does not restrict the county to a single subscription.
2. That the power to subscribe is general, limited only by the subscription of $100,000 to the stock of any one company.
The facts are stated in the opinion of the Court. chanroblesvirtualawlibrarychanroblesvirtualawlibrary