Dyche v. City of London

CAMMACK, Judge.

This is an appeal from a declaratory judgment which upheld the validity of a voted bond issue of the City of London, a fourth class city. The proceeds of the bonds, if approved, will be used to finance the construction of an industrial building which will be leased to private industry. The purpose of the plan is to attract new industry to the area and thereby reduce unemployment, which, according to the evidence, has reached an abnormal point. ■ ‘

In November, 1955, the voters of the City overwhelmingly approved the issuance of bonds for this purpose. The percentage ,of…