St. Paul Fire & Marine Ins. Co. v. Garza County

STOKES, Justice.

On August 14, 1922, pursuant to an election of the qualified voters of Garza County, the commissioners’ court issued bonds of the county for the purpose of erecting a courthouse and jail. The bonds were for the aggregate sum of $82,000, payable forty years from date, but redeemable by their terms at any time after ten years from their date, and bore interest' at the rate of 5⅛% per annum payable annually. On February 15, 1927, the commissioners’ court issued a series of eighty-two refunding bonds in the -sum of $1,000 each, payable serially from 1928 to 1967 inclusive, bearing…