J. Carl Tegder v. Snelson Investment Company

The answer also alleged that the method used by the assessor resulted in such lands being valued at an excessive, arbitrary,
and unreasonable price, and amounted in law to a fraud on appellants; that appellee purchased said certificates and took assignments
thereof with full knowledge of these facts and for a nominal consideration much less than their face value and consequently
should be allowed to recover, if at all, only such amount as the court should find had actually been paid by appellee for
the certificates.