Rogers & Tracy, Inc. v. Board of Education

SPARKS, Circuit Judge.

This appeal is from a declaratory judgment ' of the District Court. It involves the validity and title of certain tax anticipation warrants issued by the Board of Education of Park Ridge School District 64, in Illinois. The court held the warrants valid, directed the payment of those which were unpaid, and permanently’ enjoined the Board and its several members from doing anything affecting the validity or enforceability of the warrants involved.

The Board of Education, on May 6, 1936, received bids for $85,000, face value, of its 1936 effiicational tax anticipation…