In Re Walthall County Tax Anticipation Notes

The collection of road taxes for Supervisor’s District No. 2 of Walthall County having been found insufficient to maintain the public roads in that district, it was determined by the Board of Supervisors of the county and at the regular June, 1938, meeting to borrow $2000 in anticipation of taxes and to issue negotiable tax anticipation notes therefor.

The proceeds were to be used exclusively for the maintenance of the roads of said district and were to be repaid by a tax levy exclusively upon the property, real and personal, of and within that district, — not upon the county as a whole. All…