Tuggle v. City of Barbourville

Opinion op the Court by

Morris, Commissioner

Affirming.

On September 4, 1942, the city council of Barbour-ville (4th class) passed an ordinance providing for the is suance of 4 per cent bonds to the amount of $33,000, to be retired at regular periods, the last to mature in 1962. The form of bond which appears to follow the usual and customary pattern is set out in the ordinance. It was stated in the ordinance that the bonds were to be issued to meet an outstanding indebtedness of the city evidenced by existing judgments to the extent of more than $30,000,. the judgments bearing 6% interest from…