Whitworth v. Breckinridge County Board of Education

Opinion of the Court by

Judge Rees

Affirming.

This action was brought to determine the validity of a proposed issue of $45,000 of refunding bonds to be exchanged for an original issue of funding bonds in the principal amount of $35,000, together with $14,087.50, accumulated interest thereon. The circuit court adjudged that the original bonds were issued to fund a valid floating indebtedness of the County Board of Education of Breckinridge county; that the board has a legal right to refund said indebtedness by issuing and exchanging for the bonds now outstanding bonds in the principal amount of…