Summary

Stanley Matthews Hagood v. Southern — Opinion of the Court

It needs no argument to show that the political power connot be thus ousted of its jurisdiction, and the judiciary set in its place. When a state submits itself without reservation to the jurisdiction of a court in a particular case, that jurisdiction may be used to give full effect to what the state has by its act of submission allowed to be done
Source: Wikisource

Stanley Matthews Hagood v. Southern — Opinion of the Court

To authorize the railroad company to pay its taxes in these certificates is simply to exonerate it from taxation, and to compel payment of them to it, is to reverse the order of the obligation, by compelling the suretgy not only to become principal debtor to strangers, but to convert its debtor into a creditor.
No other parties to these suits, including those who have merely proved their claims before the master under the order of reference, have made any tender of revenue bond scrip in payment of specific taxes due from them
Source: Wikisource

Stanley Matthews Hagood v. Southern — Opinion of the Court

Though not nominally a party to the record, it is the real and only party in interest, the nominal defendants being the officers and agents of the state, having no personal interest in the subject-matter of the suit, and defending only as representing the state. And the things required by the decrees to be done and performed by them are the very things which, when done and performed, constitute a performance of the alleged contract by the state.
Source: Wikisource

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