Norton v. Lusk

SIMPSON, Justice.

The bill of appellant is, in essence, to enjoin the payment of, to wit, $1,200,000 to the Reconstruction Finance Corporation (R.F.C.) for the discharge and in liquidation of the revenue anticipation bonds (all callable) encumbering Jefferson Hospital, Birmingham, Alabama, which hospital with its equipment and assets had been previously delivered by Jefferson County, the owner, to the Medical College of the University of Alabama under a written contract of purchase whereby the University assumed the County’s obligation on the bonds.

Appellees rest authority for payment on Act…