Eagle v. City of Corbin

Opinion op the Court by

Stanley, Commissioner

Affirming in part and reversing in part.

For the purpose of reconstructing, enlarging and improving its combined electric light and water plant, Corbin, a city of the third class, proposed to issue 3%% bonds for $220,000, payable out of the plant’s revenues. A federal grant of approximately $180,000, has been made to supplement that amount, thus providing $400,- 000 for the extensive project. Taxpayers-have challenged the authority of the City to issue the bonds upon several grounds, but the circuit court has held the action to be authorized and the…