MR. JUSTICE MILLER delivered the opinion of the court.
The Little Rock Water-works Company, a corporation under the laws of the State of Arkansas, undertook to construct a system of water-works for the use of the city of Little Rock and the citizens of that city, under an ordinance passed by the city authorities.
In order to raise the money necessary to do this work the company issued its bonds to the amount of $80,000, the payment of which was secured by...
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