Rural Special School District No. 50 v. First National Bank

The appellant is a special school district in .Yell County, formed by the consolidation of District No. 48 and District No. 50, common school districts. A petition was presented to the county court and the election ordered and the district created under the provisions’ of the statute. After its creation the directors who were elected qualified and acquired lands and erected a school building on the said- lands.

The district entered into a contract with Clem P. Callana for the erection of the building- for the price of ‡3,800. The directors sold the buildings belonging to the common school…