State Ex Rel. Spokane & Eastern Trust Co. v. Nicholson

The Chestnut Valley Irrigation District was organized in 1920 in accordance with, and by virtue of, Chapter 146 of the Laws of Montana of 1909, as amended. In the year of its organization the district issued and sold its bonds to the extent of $140,000. Prior to the commencement of this proceeding the relator became the owner of. 3,000 of these bonds. Each year subsequent to the issuance of the bonds the district levied a tax or assessment upon the lands embraced in the district to provide funds for the payment of the interest on its bonded indebtedness, but many of the land owners therein…