MR. CHIEF JUSTICE WAITE delivered the opinion of the court.
On the 5th of April, 1872, the town of Amboy, Lee County, Illinois, issued a series of bonds in payment of a subscription voted by the voters of the town to the capital stock of the Chicago & Rock River Railroad Company. Both the subscription and bonds were authorized by the charter of the railroad company, approved March 24th, 1869.
Sections 12 and 13 of this charter, which alone need be considered...
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