Armstrong v. City of South Fulton

Defendant, on August 1, 1928, issued its bonds to the amount of $10,500' for street improvements. Por the payment of these bonds, and attached interest coupons, at maturity, the full faith, credit, and resources of defendant were irrevocably pledged. Complainant is the owner and holder in due course of nine of said bonds, of $500 each, and of certain semi-annual interest coupons attached thereto. Pour of the bonds so held by complainant matured August 1, 1932, and five matured August 1, 1933. Default having been made in the payment of said bonds, and coupons, at maturity, complainant filed…