Sigmon-Reinhardt Co. v. Atkins National Bank

Sigmon-Reinhardt Company brought an equitable petition in the superior court of Banks County against Atkins National Bank, and alleged in substance as follows: On January 6, 1920, a drainage district known as the Candler Creek Drainage District was created in Jackson County, Georgia. Commissioners were duly elected and qualified; negotiable bonds as provided for under the drainage laws of Georgia were issued by the drainage commissioners for that district, the total amount of the bonds being $5,354.97; the plaintiff purchased $5,000 worth of these bonds. The lands comprising the drainage…