Pace v. City of Paducah

Opinion op the Court by

Judge Rees

Affirming.

Paducah, a city of the second class, operates under the commission form of government. On November 23, 1931, an ordinance was enacted providing for the funding of the floating indebtedness of the city, amounting to $350,000. This indebtedness is represented by notes held by various banks and trust companies located in Paducah, St. Louis, and New York.

Claude C. Pace, a citizen, resident, and taxpayer of the city, instituted this action under the Declaratory Judgment Act (section 639a-l et seq., Civil Code of Practice), seeking a declaration of rights…