County of Kankakee v. Aetna Life Ins. Co.
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106 U.S. 668 (1883)
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U.S. Supreme Court
County of Kankakee v. Aetna Life Ins. Co., 106 U.S. 668 (1883)
County of Kankakee v. Aetna Life Insurance Company
Decided February 5, 1883
106 U.S. 668
1. The charter of the Kankakee and Illinois River Railroad Company does not limit the operation and effect of the general laws of Illinois, which confer power upon counties to subscribe for stock in railroad companies and issue bonds in payment therefor.
2. The County of Kankakee, in that state, having been organized under the Act of April 1, 1851, to provide for township organization, it was the duty of its board of supervisors to discharge the duties enjoined by the general laws upon the county courts in those counties which did not adopt that organization.
3. The bonds issued by that board to pay for the subscription to the stock of that company are valid obligations of the county.
The case is stated in the opinion of the Court.