Ebert v. Bd. of Ed. of School Dist. of Newport

Opinion op the ‘Court by

Judge Stites

Reversing.

This is the second appeal of this case. See Ebert v. Board of Education, Ky., 126 S. W. (2d) 1111. As pointed out in the opinion on the first appeal, this is an effort to secure judicial approval of a bond issue in the sum of $90,000 to fund the alleged floating indebtedness of the Board of Education of the City of Newport. The only question now before us is whether or not the proof is sufficient to establish a valid floating indebtedness which may thus be funded.

On the first appeal, we determined that the mere testimony of the business manager of…