First Nat. Bank v. Commissioners of Lake Cormorant Drainage Dist.

The appellees, Commissioners of Lake Cormorant Drainage District, which is located partly in DeSoto county and partly in Tunica county, and is. being administered- in the chancery court of DeSoto county, "filed a bill in the nature of interpleader against the owners and holders of all outstanding bonds of the district, setting upi in sub-stance the organization of the district, the va rious bond issues, assessed benefits, and tax levies of the district, and setting up that the 1931 maturities on its bonds and interest coupons aggregated sixty-eight thousand, one hundred thirty-seven dollars…