Holst v. Consolidated Independent School District

(dissenting in part). — As stated in numerous cases cited in Trindle v. Consolidated Ind. Sch. Dist., 200 Iowa 370, warrants issued for current expenses do not constitute a debt, within the meaning of the constitutional limitation. Therefore, taxes levied for current expenses cannot be considered in determining, in a given case, whether the indebtedness of the corporation exceeds the constitutional limit. It will be presumed that taxes levied to defer current expenses will be so used. I agree that the majority'opinion would find support as to the burden of proof as to current expenses in the…