City of Okmulgee v. Young

This is an appeal from a judgment against the city of Okmulgee for alleged misappropriations of money paid to the city treasurer on account of special assessments levied and collected to pay for street improvements.

August 15, 1922, the city of Okmul-gee issued certain street improvement bonds. The issue consisted of 199 bonds of the par value of $500 each, payable on or before August 15, 1932, with interest at 6 per cent per annum, payable annually.

Under the law in force at the time said bonds were issued (sec. 4616, C.O. S. 1921), the city had the right to call in and pay said bonds, or any…