Deseret Evening News | 1904-05-11 | Page 7 | Bondholders to Sue California

Bondholders o to Sue SUc California San Ran Francisco May II Some of or tho holders of or Montgomery avenue hands are proposing bringing suit against tho state for tho principal and Interest re 10 remaining unpaid It has hi been decided repeatedly that tho city Is not liable According to t tho federal Constitution a I bo sued without Its con consent conent sent ent Hy By a n law passed In 1003 1903 Cali California fornia has hall given formal consent to have sued Riled In matters matter Involving n a viola Ion of ot contract or where negligence Is III shown hown It Is III under this law tho bond bondholders holders arc to BUe el Thoro 1500 MO of ot these theM bonds Issued In 1873 6 per rent cent per annum They matured list lut year and the unpaid Interest amounts to O OOOO Holder of are Interested Int In tho proposed suit Many of ot these securities held In London and Parts