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GUARANTY CO. v. BOARD OF LIQUIDATION

105 U.S. 622 (____)

GUARANTY COMPANY v. BOARD OF LIQUIDATION.

Supreme Court of United States.

Attorney(s) appearing for the Case

Mr. William Wirt Howe and Mr. William Allen Butler for the plaintiff in error.

Mr. Gustave A. Breaux and Mr. James Lingan for the defendant in error.

MR. CHIEF JUSTICE WAITE delivered the opinion of the court.

The Federal question which this case involves rests on the following facts: —

On the 8th of March, 1869, the General Assembly of the State of Louisiana, passed act No. 116, of 1869, to authorize an issue of negotiable State bonds to aid in the construction of the Mississippi and Mexican Gulf Ship Canal. Special provision was made in the act for taxation...

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