Bancamerica-Blair Corp. v. State Highway Commission

Opinion of the Court by

Judge Stites

— Affirming.

On July 1, 1930, the state highway commission issued, sold, and delivered Kentucky Bridge Revenue 4Vz per cent, bonds, in an amount in excess of $5,000,-000 par value, pursuant to the authority of chapter 172 of the Acts of 1928 and chapter 157 of the Acts of 1930. This issue was refunded under date of July 1, 1935, by 4 per cent, bonds, of which $5,465,000 par value are outstanding. On May 8, 1936, the state highway commission advertised for sealed bids, to be received and opened at 10 o’clock a. m. on May 29, 1936, for the purchase of a new…