Gade v. City of Waverly

This is a proceeding by electors of the City of Waverly, to invalidate an agreement by the City Council to sell Lot 5 in Block 6, original town of Waverly, which the City owned and operated as a parking lot. Section 368.40, Code of Iowa, 1958, provides, whenever the council of any municipal corporation enters into an agreement for the sale of municipal property, any elector “shall have the right to appeal from the action of the council to the district court, * # * on the ground that such agreement is not in the public interest.” In this case, after the electors appealed, the purchaser of the…