Sentence Examples with the word IMPAIRING THE OBLIGATION OF CONTRACTS

Saunders, heard in 1824 and reheard in 1827, in which the question was the validity or invalidity of the insolvent laws of the several states, Webster argued that the clause prohibiting a state from impairing the obligation of contracts applied to future as well as to past contracts, but the court decided against him.

Jeremiah Mason (1768-1848), a lawyer of the first rank, Jeremiah Smith and Webster appeared for the college, and argued that these acts were invalid because they were not within the general scope of the legislature's power, because they violated provisions of the state constitution and because they violated the clause of the Federal Constitution which prohibits a state from impairing the obligation of contracts but the court decided against them.