Elgin v. Marshall

106 U.S. 578 (1883)

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Nature of the Case

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Facts

Ps sued D to recover the amount due upon certain coupons or interest warrants, detached from municipal bonds, alleged to have been issued by D, in aid of a railroad company. D claimed that the bonds and coupons were void as the statute, under the assumed authority of which they had been issued, being, as was alleged, unconstitutional. The court determined that Ps were the owners of the bonds and coupons mentioned in the complaint. Judgment was given for the amount of $1,660.75, due thereon, being for the interest on fifteen bonds of $500 each. D appealed. The amount-in-controversy requirement was then $5,000 and D contends it was not satisfied by the judgment. Ps contend that the amount in controversy is well in excess of $5,000 as the bonds were valued at $7,500.00