Keathley v. Town of Martin

DUNCAN, Judge.

This is the second appeal of this case. The first is reported in Keathley v. Town of Martin, Ky., 246 S.W.2d 152. The sole question presented on both appeals is which one of two competing groups is entitled to manage the waterworks system of the city of Martin, formerly a town of the sixth class but presently a city of the fourth class.

On October 3, 1949, the Board of Trustees of the town enacted ordinance No. 54 authorizing the issuance and sale of $100,-000 of Waterworks, Revenue, Improvement and Refunding Bonds for the purpose of financing the extension and improvement of the…