Peoples Bank & Trust Co. v. Sabougla Drainage Dist.

The sole question for determination in this case, as stated by both sides in the trial court and as recited in the decree, is whether interest is recoverable on the bonds and interest coupons of the drainage district after maturity and until paid. This question was answered in the affirmative in the recent decision in City of Indianola v. Gates, 181 Miss. 145, 179 So. 284, in respect to municipal bonds, and we see no sound reason for any distinction between municipal bonds and those of other political or taxing districts of the State, such as drainage districts.

If it could be supposed that as…