Protsman v. Jefferson-Craig Consolidated School Corp.

DISSENTING OPINION

Gilkison, J.

I am unable to agree with the majority opinion for the reasons hereinafter stated.

We are all agreed that the constitution of the state of Indiana forbids any political or municipal corporation of the state to “become indebted in any manner or for any purpose to an amount in the aggregate exceeding two per centum of the value of the taxable property within such corporation, to be ascertained by the last assessment for state and county taxes previous to the incurring of such indebtedness; and all bonds or obligations, in excess of such amount, given by such…