Pena v. Jeffries

CADENA, Justice.

Appellants, Amando Pena and others, complain of the refusal of the trial court to enjoin the consummation of the sale of $80,000.00 in general obligation bonds of the Roma Independent School District to Ranson & Company, Inc., and Rauscher-Pierce Company.

The bonds in question have been involved in litigation, instigated by appellants, since their issuance was authorized by an overwhelming vote at a bond election held on July 27, 1963. On August 7, 1963, the school district, without inviting other bids, negotiated a sale of the bonds to Ranson & Company, Inc. The persons who…