City of Belton v. Brown-Crummer Inv. Co.

BRYAN, Circuit Judge.

The city of Bel-ton, Tex., issued several series of funding warrants, for the purpose of taking up and retiring outstanding original warrants of equal amounts issued to defray current expenses, and one series of original paving warrants. At the suit of a holder of several warrants of each series and class, the trial judge held that the warrants were valid and binding obligations of the city, and entered judgment for the plaintiff. The city assigns error, and contends:

First, that the funding warrants were not shown to be valid, because the proof failed to show that the…