Summary

Ward Hunt Commissioners of Johnson County v…

The board of commissioners may subscribe to the capital stock of 'any railroad' which is or may be located in or near the county they represent, and may issue the bonds of the county in payment for said stocks. 'But no such bonds shall be issued until the question shall be first submitted to a vote of the qualified electors of the county.' In neither of these clauses is there a qualification that the particular road shall be named in the submission, or that any detail shall be set forth.
Source: Wikisource

Ward Hunt Commissioners of Johnson County v…

A completion of the road at an earlier period than was required (no time being specified in the original proposition) , and at a probable increase of expense, seems to afford a good consideration for any lawful agreement on the part of the county. We fail to discern the force of this objection, or of the point connected with it, that the stock became thereby cancelled. The commissioners had authority to sell the stock, Compiled Laws of Kansas, 1862, 409; and, unless prohibited by law, an incorporation may become the holder of a portion of its own shares.
Source: Wikisource

Ward Hunt Commissioners of Johnson County v…

The burden of bonds shall not be imposed upon the county except by the previous assent of a majority of the electors. When the burden is assumed by the electors, it is quite reasonable that it should be left to the county board to select the particular corporation in which the stock shall be taken. That trust can be there executed as wisely and judiciously as at a mass meeting of the voters.
Source: Wikisource

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