Summary

Portrait of Samuel Freeman Miller Samuel Freeman Miller City of Litchfield v. Ballou — Opinion of the Court

A lien of a person on his own property, which is and has always been his, in favor of himself, is a novelty which only the necessities of this case could suggest. Another objection to this assertion of a right to the property is that he bondholders, each of whom must hold a part of whatever equity there is to the property, are numerous and scattered, and the relative amount of the interest of each in this property could hardly be correctly ascertained. The property itself cannot be divided; its value consists in its unity as a system of water-works for the city.
Source: Wikisource

Portrait of Samuel Freeman Miller Samuel Freeman Miller City of Litchfield v. Ballou — Opinion of the Court

There is no debt to be secured by a lien. That theory discards the idea of a debt, and pursues the money into the property and seeks the property, not as the property of the city to be sold to pay a debt, but as the property of complainants into which his money, not the city's, has been invested for the reason that there was no debt created by the transaction.
Source: Wikisource

Portrait of Samuel Freeman Miller Samuel Freeman Miller City of Litchfield v. Ballou — Opinion of the Court

Neither the specific money nor any other money is to be found in the safe of the city, or anywhere else under its control. And the decree of the court, so far from attempting to restore the specific money, declares that there is due from the city of Litchfield to complainants a sum of money, not that original money, but a sum equal in amount to the bonds a d interest on them from the day of their issue. Is this a decree to return the identical money or property received, or is it a decree to pay as on an implied contract the sum received, with interest for its use?
Source: Wikisource

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