City of Prestonsburg v. People's State Bank, Etc.

Reversing.

This action was instituted by the appellee, People's State Bank of Frankfort, Ky., against the city of Prestonsburg, to recover the principal and interest on certain street improvement bonds; the cost of such improvements having been assessed against the abutting property owners.

The petition alleged, in substance, that on July 19, 1920, and on February 18, 1923, the city of Prestonsburg, at that time a city of the fifth class, by its board of council adopted ordinances by which it ordered the improvement of certain described streets and parts of streets by paving same and the…