Salyers v. Moran

Opinion of the Court by

Judge Sims

Affirming.

The appellant, K. N. Salyers, instituted this action to enjoin the Mayor, the City Commissioners of Hazard, C. V. Cooper and the Bankers Bonding Company from carrying out a contract wherein Cooper and the company agreed with the city to refund certain of the latter’s bonds for a commission of 4%. From a judgment refusing the injunction, Salyers appeals.

The city had outstanding $75,000 water bonds, $50,000 sewer bonds and $15,000 city hall bonds, all bearing 6.% interest and all maturing on Jan. 1, 1942. In addition thereto it had issued $50,000 water…