Brown v. Hopkins County Board of Education

Opinion op the Court by

Judge Rees

Affirming.

This is an appeal from a judgment of the Hopkins circuit court approving an issue of funding bonds which the board of education of Hopkins county proposes to sell for the purpose of paying off a floating debt. The debt amounts to $32,002.90, and the board has authorized the issual of bonds in the principal amount of $30,000. It proposes to pay the indebtedness in excess of the principal amount of the bonds out of current revenues. It is clearly established by the record that the indebtedness resulted from deficiencies in the revenues of the board of…