Bankers Life Co. v. Emmetsburg

During the years 1915 to 1920 defendant city issued $378,752.61 of street improvement bonds, and $62,-552.16 of sewer bonds. Of all these issues there remained outstanding on October 10, 1925, bonds in the principal sum of $115,500. During February and March of 1925, House File 73, being chapter 115 of the Acts of the 41st General Assembly, prescribing a method for the refunding of bonds of the character of those above mentioned, was enacted and published. The provisions of this act as now found in chapter 311 of the Code of 1935, are sections 6126-al to 6126-a6, inclusive.

In the summer of…