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NESBIT v. RIVERSIDE INDEPENDENT DISTRICT

No. 212.

144 U.S. 610 (1892)

12 S.Ct. 746

36 L.Ed. 562

NESBIT, v. RIVERSIDE INDEPENDENT DISTRICT.

Supreme Court of United States.

Decided April 18, 1892.

Attorney(s) appearing for the Case

Mr. W. Willoughby and Mr. B.W. Lacy for plaintiff in error.

No appearance for defendant in error.

MR. JUSTICE BREWER, after stating the case, delivered the opinion of the court.

Article 11, sec. 3, of the constitution of Iowa of 1857 ordains that "no county, or other political or municipal corporation, shall be allowed to become indebted in any manner, or for any purpose, to an amount in the aggregate exceeding five per centum on the value of the taxable property within such county or corporation — to be ascertained by the last state and county tax lists...

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