McNear v. Little Red River Levee Dist. No. 2 of White County

EARIS, District Judge.

This case presents but a single question. That question is whether the holders of a second and third issue or series of bonds of appellee levee district are entitled to participate ratably in the division of the proceeds of a fund in the registry of the District Court. This fund it seems is and represents all that will ever *718be paid in liquidation of these several issues of bonds. The court below held that the holders of the second and third issues of bonds should share equally and ratably with the holders of the first issué. The correctness of this holding is attacked by…