Town of Belleair v. Olds

HUTCHESON, Circuit Judge.

When this cause was here before on the appeal of Olds,1 it was from a summary judgment against him on the defense, and the finding, that the decree in Olds v. Alvord,2 was an adjudication that the bonds he held were invalid and that their proceeds “were used for the benefit of private corporations and not for the public purposes of the Town of Belleair.” Holding that “that question of fact having been so litigated and determined cannot be relitigated in this cause”; that insofar as the suit was on the bonds, their invalidity for lack of power to issue them was…