HIGH COURT OF ERRORS AND APPEALS OF THE STATE OF MISSISSIPPI. THE STATE OF MISSISSIPPI, VS. HEZRON A. JOHNSON. INVOLVING THE LIABILITY OF THE STATE OF MISSISSIPPI FOR THE PAYMENT OF THE BONDS ISSUED FOR AND ON ACCOUNT OF THE MISSISSIPPI UNION BANK. OPINION OF THE JUDGES, AND FINAL DECISION OF THE CAUSE.
Jackson: Thomas Palmer, Printer, 1853. 55, [1 blank] pp. Disbound with scattered foxing, else Very Good.
The court held the State of Mississippi liable for the payment of a State Bond payable to the order of the directors of the Mississippi Union Bank. The bond, executed under seal by Mississippi's Governor and Treasurer, had been issued in accordance with a statute pledging the State's credit to secure loans to the Mississippi Union Bank.
Mississippi refused to pay, claiming that the bond had been issued irregularly and that the governing Act had been passed unconstitutionally. The Court rejects these defenses after examining the statute and its purposes, the State Constitution, and the business of the Bank.
Sabin 49545. Not in Marke, Harv. Law Cat., Owen, Cohen. Item #23122
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