City of Hobart v. Baum

In the court below the Farmers State Bank of Valparaiso, Indiana, in 1942, filed a civil ac*3tion asserting that it was the owner and holder of certain bonds issued by the city of Hobart, Indiana, pursuant to improvement resolution and assessment roll number 251, for the construction of the Hobart district sewer, and that it brought the action as a class action for and on behalf of itself and all other owners and holders of unpaid bonds issued on said roll, and asked a money judgment on such bonds for itself and other holders of unpaid bonds.

Thereafter, in 1945, the appellees in this cause,…