San Antonio Union Junior College District v. Daniel

This is an original proceeding for mandamus filed by relator, a junior' college district, to require respondent, as Attorney General, to approve certain refunding bonds which relator seeks to issue.

On December 15, 1945, pursuant to an election, relator issued $940,000.00 of Building, Site and Equipment Bonds, payable semi-annually on June 15 and December 15, of each year, and bearing interest at 1 1/4 per cent, per annum. They were duly approved, registered and sold under authority of Art. 2815h, Vernon’s Annotated Civil Statutes.

These bonds contained no prepayment option, but the holder of…