Summary

Portrait of William Henry Moody William Henry Moody Smith v. Jennings — Opinion of the Court

That whereas, by the act of the legislature of 1896, the treasurer of this state is forbidden to pay, consolidate, or fund any coupon bond of the state after the expiration of twenty years from the date of maturity of such bonds, and certain bonds entered on the books of the state treasurer as 'Old bonds, not fundable, act of 1896, Blue Ridge Railroad Bonds, $37,000,' are still carried on the books of the state treasurer.
Source: Wikisource

Portrait of William Henry Moody William Henry Moody Smith v. Jennings — Opinion of the Court

The state of South Carolina issued, in 1859, bonds due in twenty years in aid of the Blue Ridge Railroad Company. The bank came to be the owner of one hundred of these bonds, each of the par value of $1,000. In 1865 the assets of the bank, including the hundred bonds, were seized and carried away by soldiers of the Federal Army. Sixty-three of the bonds have been recovered by the bank from time to time and have been paid or funded by the state Thirty-seven of the bonds are still outstanding, and nothing is known of them.
Source: Wikisource

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