Reports of Cases Decided in the Supreme Court of the State of Oregon (Volume 70) (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915. Excerpt: ... the said J. F. Reddy agreed to sell the $200,000 of bonds, which the city proposed to issue, and expend the same in the construction of the proposed railroad, and for other things enumerated therein, and also pending the election to sell or purchase such warrants as might be necessary to carry on the work of grading the railroad. At the same time another contract was entered into between the defendant city and the said J. F. Reddy, the effect of which is that upon the completion of the railroad to be constructed by the city it will lease or sell the same to the said J. F. Reddy upon terms agreed upon in said contract; and it was also provided therein that the said J. F. Reddy should be paid a commission of 10 per cent upon the cost of construction for his services in constructing the said line of road. The complaint further sets forth that on December 4,1913, a proposition was made by Keeler Bros., of Denver, Colorado, to sell $200,000 of bonds to be authorized, and which were authorized at the election of February 10, 1914, and as a commission for such sale they were to receive the sum of $22,000, and that the said J. F. Reddy thereupon released the city of its obligation to pay him 10 per cent upon the cost of construction of the said road. The complaint then mentions the various proceedings had by the city council subsequent to the election of February 10, 1914, all of which depend upon the legality of the following matters: (1) The constitutionality of the act of the legislative assembly granting to cities and towns the right to construct railroads within and without their corporate limits; (2) the legality of the contract with Keeler Bros., to pay a commission of $22,000, and the release of the 10 per cent agreed to be paid the said J. F. Reddy. The ...