Joseph Ruohs v. The Town of Athens, et al.

Order: 
Supreme Court Case Name: 
Joseph Ruohs v. The Town of Athens, et al.
Case Date: 
1891
Court Origin: 
Chancery
Cause/Crime: 
Breach of Bond

Database - TN Research:

County:

Division: 
East
Number of Pages: 
480
Notes / Description: 

Plaintiff Joseph Ruohs purchased 22 bonds of $1k each issued by the town of Athens, in order to by shares of $22k in stock in the Nashville & Tellico Railroad Company, meant to mature in 20 years. Ruohs accused the defendants, who comprised the Board of the Mayor and Alderman, of failure to pay interest on bonds and therefore, defaulting on said bonds. The plaintiff further accused some defendants of fraudulently avoiding liability by resigning their official posts. See additional case ET 4a about bonds.