Seeley v. Town of Belleair

HUTCHESON, Circuit Judge.

This case presents claims against the town growing out of the issue and sale and the use of the proceeds, of bonds of the issue dealt with in Olds v. Town of Belleair, 5 Cir., 120 F.2d 492. It is like that case in that it is here on appeal from a *841summary judgment for the town on pleadings and affidavits based on a finding: that the bonds are void ab initio for want of power to issue them and there can be no recovery on them, and that their proceeds having been used not for public purposes of the Town of Belleair but for the benefit of private corporations, there could…