Legal Opinion
Fiscal Court of Estill Co. v. Debt Com'n of Ky.
Court of Appeals of Kentucky (pre-1976)
Decided January 21, 1941PublishedCited by 8 opinions
1Opinion of the Court
Opinion of the Court by
Stanley, Commissioner
Reversing.
As of December 31, 1940, there were outstanding and unpaid, principal and interest, $316,645 of road and bridge bonds of Estill County. There was available in the sinking fund for interest $20,000, so .that the net debt was $296,645. A substantial part is in default. Because of the decrease in the assessed value of the property the yield from the tax levy of 20 cents on the $100 made to finance the bonds is not enough by about $1,500 to pay even the annual interest. The bonds are of two issues. Originally one was for $240,000, voted in…
2Cases cited7 opinions
- City of Winchester v. NelsonCourt of Appeals of Kentucky · 1917
- Wheeler v. B. of Com'rs. City of HopkinsvilleCourt of Appeals of Kentucky (pre-1976) · 1932
- Fox v. Boyle County Et Al.Court of Appeals of Kentucky (pre-1976) · 1932
- Williams v. City of RacelandCourt of Appeals of Kentucky (pre-1976) · 1932
- County Debt Commission v. Morgan CountyCourt of Appeals of Kentucky (pre-1976) · 1939
2 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Southeastern Greyhound Lines, Inc. v. City of LexingtonCourt of Appeals of Kentucky (pre-1976) · 1945
- Rea v. Gallatin County Fiscal CourtCourt of Appeals of Kentucky · 1967
- Pulaski County v. Ben Hur Life Ass'nCourt of Appeals of Kentucky (pre-1976) · 1941
- Williams v. City of BarbourvilleCourt of Appeals of Kentucky · 1952
- City of Ashland v. Bd. of Ed. of City of AshlandCourt of Appeals of Kentucky (pre-1976) · 1941
3 more not listed; retrieve them via the Exa API.