Daniel v. Johnson County

Opinion op she Court by

Judge Rees

Affirming.

Johnson County brought this action in the Johnson -circuit court against Daisy M. Daniel, a citizen and taxpayer of the county, to obtain the court’s approval of a proposed bond issue of $56,000, to refund outstanding bonds aggregating that amount which were issued in 1929 to fund a floating indebtedness of the county.

It appears that the county had a floating indebtedness of $68,000 in 1929, and that funding bonds in the amount of $62,000, bearing interest at the rate of 5% per cent, per annum, were issued, and with the proceeds of their sale a like…