Ratliff v. Board of Supervisors of Lincoln Cty.

SMITH, Justice:

This is an appeal by L. P. Ratliff, Jr., and five other citizens and taxpayers from a decree of the Chancery Court of Lincoln County validating $1,500,000 (of an authorized issue of $1,650,000) of State Aid Road Bonds, ordered issued by the Board of Supervisors of Lincoln County under the provisions of Mississippi Laws of 1962 Chapter 255, for the purpose of raising money to construct roads known as “State Aid Roads.” These bonds were not general obligations of Lincoln County, but were payable from Lincoln County’s anticipated allocation of State Aid Road funds, as provided in…