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MISSOURI & ARK. CO. v. SEBASTIAN COUNTY

No. 149.

249 U.S. 170 (1919)

39 S.Ct. 202

63 L.Ed. 538

MISSOURI & ARKANSAS LUMBER & MINING COMPANY v. GREENWOOD DISTRICT OF SEBASTIAN COUNTY, ARKANSAS, ET AL.

Supreme Court of United States.

Decided March 3, 1919.

Attorney(s) appearing for the Case

Mr. John H. Vaughan and Mr. B.R. Davidson for plaintiff in error.

Mr. Thomas B. Pryor for defendants in error.

MR. JUSTICE McREYNOLDS delivered the opinion of the court.

Article XVI, § 1, Constitution of Arkansas (1874), declares: "Nor shall any county, city, town or other municipality ever issue any interest-bearing evidences of indebtedness." During 1889 (or about that time) Sebastian County, for the benefit of Greenwood District, issued certain non-interest-bearing warrants payable "out of any money in the Treasury...

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