The Law Governing the Issuing Transfer And Span Classsearchtermspan Class

W H William Henry Harris

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(Miss. 1885. ) In this case it was held that the act relied upon to confirm and ratify the subscription and bonds was too vague and uncer- tain in its application to form the basis of such confirmation. Hayes v. Holly Springs, 114 U. S. 120, 5 Sup. Ct. Rep. 785, 29 L. Ed. 81.
Ratification of unauthorized issue of bonds.
601. (Miss. 1884. ) A subscription by a county to the stock of a railroad company and the issuance of bonds therefor without authority previously conferred may be ratified by su...bse- quent enactment if the legislature had power under the Constitution to authorize the subscription and the issuance of the bonds. Grenada County Supervisors v. Brodgen, 112 U. S. 261, 5 Sup. Ct. Rep. 125, 28 L. Ed. 704; Anderson v. Santa Anna, 116 U. S. 356, 6 Sup. Ct. Rep. 413, 29 L. Ed. 633; Bolles v. Brimfield, 120 U. S. 759, 7 Sup. Ct. Rep 736.
Constitutionality of ratifying stat- utes.
602. (111. 1886. ) A discussion will be found in this case on the question of the constitutionality of statutes in- tended to give effect to the corporate action taken without previous legal authority.

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