John Wittbold & Co. v. City of Ferndale

North, ,7.

This is a mandamus proceeding to compel payment of interest coupons on general obligation full faith and credit bonds of the city of Ferndale. Plaintiff, John Wittbold & Company, an Illinois corporation, and the two other plaintiffs, who intervened, are the holders of such unpaid matured coupons totaling approximately $73,202.50, there being some discrepancy in the figures contained in the record. At the time of the hearing in the trial court the city had in its general obligation bond interest account $44,093.78; and in its general fund $54,512.13, total $98,605.91. The circuit…