Arkansas-Missouri Power Corp. v. City of Potosi

This is a suit in equity to enjoin the issuance, registration, and purchase of $60,000 of general obligation bonds of the City of Potosi, Missouri, the object of said bond issue being the erection or purchase of an electric light plant. A motion by defendants to dismiss plaintiffs' petition was sustained and plaintiffs, in due course, appealed.

Plaintiffs' first amended petition, on which the case was submitted, alleged that plaintiffs were resident tax-paying citizens [153] of and owned real and personal property in said City; that said City was a city of the fourth class; that the individual…