Ochs v. Fiscal Court of Spencer County

Opinion op the Court by

Morris, Commissioner

Affirming.

The fiscal court of Spencer county in November, 1935, adopted a resolution whereby it was manifested that ■ between the fiscal years 1924-1925 and 1934-1935 there had accumulated an indebtedness to the extent of $20,000, with accrued interest, approximately $9,846, the debt arising because of repeated failures and delinquencies of revenue and income for the period named. To meet this contingency the court by appropriate order resolved to issue refunding bonds to the amount of $20,000, payable in twenty years, the interest to run for the…