Peltason, Tenenbaum & Harris, Inc. v. Refunding Board

WOODROUGH, Circuit Judge.

This suit was brought by the holder of Arkansas road district refunding bonds, series B, to enjoin the execution of an order of the refunding board of the state of Arkansas, which order would cause all the moneys in the state highway fund to be applied to the purchase of bonds in series A, leaving none for the purchase of plaintiff’s bonds; and to compel the application of a part of the money in the fund to the purchase of plaintiff’s B bonds. Other holders of B bonds, in the same situation as plaintiff have intervened, praying similarly as to the B bonds which they…