Johns-Manville Corporation v. Village of Dekalb, Missouri, Amos H. Watts

GIBSON, Circuit Judge.

This is an interlocutory appeal 1 from a declaratory judgment entered by the United States District Court for the Western District of Missouri, holding that $505,000 principal amount of waterworks revenue bonds issued and sold by the Village of DeKalb, Missouri, are “invalid, null and void, and of no force and effect.”

The alignment of the parties in this case is highly unusual. The suit was commenced as a declaratory judgment action in the Circuit Court of Buchanan County, Missouri, on April 22, 1968, by plaintiff, Johns-Manville Corporation, the current holder of the…