Supreme Court of New Jersey June 15, 1874 (State v. Woodruff)

The opinion of the court was delivered by

Bedle, J.

The question on this writ is, whether certain bonds of the prosecutor, issued by the city of Paterson, under an act to authorize the funding of the floating debt of the city of Paterson, &c., (Laws, 1873, p. 211,) are exempt from taxation.