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TOMPKINS V. LITTLE ROCK & FORT SMITH RY., 125 U. S. 109 (1888)

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U.S. Supreme Court

Tompkins v. Little Rock & Fort Smith Ry., 125 U.S. 109 (1888)

Tompkins v. Little Rock and Fort Smith Railway

Nos. 70, 71

Argued January 17-18, 1888

Decided March 19, 1888

125 U.S. 109

Syllabus

The statute of the State pf Arkansas of July 21, 1868, to aid in the construction of railroads, and the statute of that state of April 10, 1869, to provide for payment of interest upon the bonds of the state issued in aid of such construction, created no lien upon the property of a railroad company for whose benefit such state bonds were issued in favor of the holder of the bonds, which, after a sale under foreclosure of a mortgage upon the property remained a lien upon it in the hands of the purchaser at the foreclosure sale.

In equity. The case is stated in the opinion of the Court.





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