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LUMBERMEN'S TRUST CO. v. TOWN OF RYEGATE

No. 6564.

61 F.2d 14 (1932)

LUMBERMEN'S TRUST CO. v. TOWN OF RYEGATE.

Circuit Court of Appeals, Ninth Circuit.

August 15, 1932.

Attorney(s) appearing for the Case

Samuel V. Stewart, John G. Brown, and Stewart & Brown, all of Helena, Mont., and Geo. B. Guthrie and Wilson & Reilly, all of Portland, Or., for appellant.

W. M. Johnston, H. J. Coleman, W. J. Jameson, Jr., and Johnston, Coleman & Jameson, all of Billings, Mont., for appellee.

Before WILBUR and SAWTELLE, Circuit Judges, and ST. SURE, District Judge.

WILBUR, Circuit Judge.

The Security Bridge Company entered into a contract with the town of Ryegate, Mont., the appellee, for the construction of a waterworks system in said town, and agreed to accept, and did accept, in part payment therefor, bonds of special improvement district No. 4 of the town of Ryegate, Mont., of the par value of $45,602.42. These bonds were purchased by the appellant. The bonds not having been paid when due, appellant brought this action alleging...

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