Ward Hunt, Grand Chute v. Winegar at Law…
“ In a suit brought to recover the arrears of interest on such bonds, it is not necessary for the holder to show that the grand jury fixed the manner and terms of paying for the stock; nor is it a defence for the county to show that the grand jury omitted to do so. It is enough that the manner and terms of payment were agreed upon between the company and the commissioners. In a suit brought upon the coupons by a bon a fide holder, his right to recover is not affected by the fact that the railroad company sold the bonds at a discount of twenty-five per cent. ”
