State Ex Rel. School District of Webster Groves v. Hackmann

This is a proceeding brought to compel the State Auditor to register certain bonds issued by relator school district. The briefs present the single question whether the aggregate of the previous district indebtedness and the indebtedness attempted to be incurred by means of the bond issue here involved exceeds the five per cent limitation imposed by Section 12 of Article X of the Constitution. The amount of the issue of which registration is sought is $28,000. The petition sets out the certificates of the county clerk which purport to show the assessed value of taxable property in the…