Harsha v. City of Detroit

Plaintiff, a citizen, resident, and taxpayer of the city of Detroit, a municipal corporation, by bill in equity for a declaratory decree and injunction, claims she is the holder of a bond of defendant city issued subject to the provisions of Act No. 279, Pub. Acts 1909 (see 1 Comp. Laws 1929, § 2228 et seq.), which limited the rate of taxation on the assessed value of the real and personal property in defendant city to 2 per cent, per annum, and limited the power of defendant city to borrow money on the credit of the city to 8 per cent, of the assessed valuation of the real and personal…