Sanders v. City of Coleman

This suit was brought to reform and to enforce payment of municipal bonds. A motion to dismiss was granted with leave to amend, one of the grounds of the motion being that the bonds sought to be reformed were illegally issued. Plaintiff appealed.

The bonds dated August 1, 1926, were issued in the name and under the seal of the Town of Coleman, and were validated and purport to obligate the Town of Coleman. The bonds were issued without an approving vote of the electorate, and contain the following:

“This bond is one of a series of fifteen (15) bonds of like date, tenor and amount, except as to…