Bennett v. City of Mayfield

STANLEY, Commissioner.

In order to relieve conditions of unemployment, the City of Mayfield is proposing to issue $9,500,000 of revenue bonds for the acquisition of a site and construction of an industrial plant and to lease the same under authority of KIRS 103.200-103.280. The council has adopted appropriate preliminary ordinances and approved a form of contract of lease and rent of the property to the General Tire and Rubber Company of Akron, Ohio, a nationally known company of high reputation. This representative taxpayer’s suit challenging the legality of the proposed action of the city…