Russell v. Fiscal Court of Boyd County

Opinion op the Court by

Stanley, Commissioner—

Affirming in part and reversing in part.

This suit was instituted by Charles -M. Russell, a taxpayer, against the Fiscal Court of Boyd County to test the validity of a proposed refunding of matured and maturing road and bridge bonds. The judgment held the contracts and bonds valid.

In 1915, citizens of the county voted in favor of the issuance of $500,000 of bonds for road and bridge purposes, and in 1926 an additional $600,000. A special tax levy of 20 cents was made to provide their sinking-funds. Of these bonds $760,000 were outstanding on…