Taxpayers of Shelby County v. Shelby County
Supreme Court of Alabama
1Opinion of the Court
GARDNER, Chief Justice.
The County of Shelby had outstanding bonded indebtedness in the amount of $375,-000, bearing interest at the rate of 5%% per annum, upon which issue the sum of $67,000 in the. principal amount thereof has been paid and retired, leaving an outstanding bonded indebtedness of $308,000. These bonds are not callable, and are not due until June, 1953. At the maturity date of these outstanding bonds the county will have funds available to retire as much as $128,000 principal amount thereof, leaving $180,000 principal amount, for the payment of which no provision has been made.…
2Cases cited20 opinions
- Doon Township v. CumminsSupreme Court of the United States · 1892
- City of Huron v. Second Ward Sav. BankCourt of Appeals for the Eighth Circuit · 1898
- City of Los Angeles v. TeedCalifornia Supreme Court · 1896
- State v. County of CitrusSupreme Court of Florida · 1934
- National Life Insurance v. MeadSouth Dakota Supreme Court · 1900
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3Cited by13 opinions
- Beaumont v. FaubusSupreme Court of Arkansas · 1965
- Chism v. Jefferson CountySupreme Court of Alabama · 2006
- City of Albuquerque v. GottNew Mexico Supreme Court · 1964
- County Board of Education v. Taxpayers and CitizensSupreme Court of Alabama · 1964
- Bd. of Educ. of County of Hancock v. SlackWest Virginia Supreme Court · 1985
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