City of Olive Hill v. Gearhart

Opinion op the Court by

Judge Tilpord

Reversing.

The appellee, D. Y. G-earhart, is the owner of a lot on Main Street in the city of Olive Hill, a fourth class municipality. In 1926, the City, by proper ordinances, authorized the improvement of the street, and in January, 1927, assessed Gearhart’s property $868.29 representing its proportionate part of the cost. He accepted the ten year payment plan provided for in Section 3575, Kentucky Statutes, and thereby became obligated to pay the principal amount in ten annual instalments of $86.83 each, beginning July 1, 1927, and the interest, 6% per…