Cherry v. Overman

Appellant brought this suit to enjoin appellees from issuing interest-bearing bonds in the sum of $50,000 to liquidate an indebtedness incurred, by. the city of Little Rock between October 7, 1924, and December 7, 1924, which'was a valid, subsisting indebtedness of said city on the latter date.

It is alleged that, pursuant to and in conformity with amendment No. 10 to the" Constitution of the State of Arkansas, the city of Little Rock issued interest-bearing bonds in the sum of $1,910,000 to retire its existing indebtedness on October 7, 1924, and that the maximum amount of three mills…