Merritt v. Dermott Special School District

Kirby, J.,

(after stating the facts). Neither the bondholders nor the trustee named in the pledges securing the bonds of the district, nor the holders of the $40,000 in outstanding warrants issued by the district, were made parties to the suit.

Counsel for appellee alleges in the complaint: “It is contended by the bondholders that the. county treasurer should set aside funds to pay certain maturing interest on bonds outstanding of the district, and the registered warrant holders contend that the money now in the hands of the treasurer should be paid on warrants.”

Act 169 of 1981 is a very…