Miehls v. City of Independence

88 N.W.2d 50 (1958)

D. G. MIEHLS, Appellant,

v.

The CITY OF INDEPENDENCE, Iowa, Appellee.

No. 49367.

Supreme Court of Iowa.

February 11, 1958.

As Modified April 10, 1958.

Rehearing Denied May 9, 1958.

Carleton Sias, Waterloo, for appellant.

Robert J. Pattee, Independence, for appellee. Edwin B. Carpenter, Des Moines, amicus curiae.

THOMPSON, Justice.

The plaintiff is the holder of five electric revenue refunding bonds of the defendant city, each in the face amount of $1,000, bearing date of November 1, 1948. Plaintiff's bonds are due by their terms on November 1, 1963. They are a part of a total of…