Summary

Samuel Blatchford Livingston County v. First National Bank…

To say, therefore, that there has been any substantial diversion in the use of the bonds from the purpose contemplated by the vote of the people of the township, because of the consolidation and of the issuing of the bonds to the consolidated company, which has made the very road intended, because the authority conferred by the vote was nominally one only to issue the bonds to the Missouri corporation, is not a sound proposition, in view of the fact that the statute of Missouri expressly authorized the consolidation which took place.
Source: Wikisource

Samuel Blatchford Livingston County v. First National Bank…

The object expressed in the articles of association of the Missouri company, of having a continuous road from Chillicothe to Omaha, was not only effectually accomplished by the consolidation, but could not have been accomplished without it. The Missouri corporation could not have built the road in Iowa, from the state line to Council Bluffs, and a railroad extending only from Chillicothe to the state line would not have answered the purpose contemplated.
Source: Wikisource

Samuel Blatchford Livingston County v. First National Bank…

The general direction of the road is not changed. It does not pass through Bloomfield, it is true; but it does not pass it by so far as to be a substantial departure from the route originally indicated. The amending act, therefore, which authorized a consolidation with the Iowa Southern Railway Company, Company, and thereby constituted the Missouri, Iowa & Nebraska Railway Company, was in perfect accord with the general purpose of the original charter of the Alexandria & Bloomfield Railroad Company
Source: Wikisource

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