Jefferson Bank of St. Louis v. Little Red River Levee District of White County

Little Jied Biver Levee District No. 1 of White County (hereinafter referred to as the district) was organized on April 7,1913, by the order of the county court of White County, under the general law providing for the creation of levee improvement districts. Sections 6811 et seg., Crawford & Moses’ Digest. To expedite the construction,work, bonds were issued and sold pursuant to the authority conferred by law, and a resolution was passed by the board of directors distributing the payment of betterments over a period of twenty-five years from 1913 to 1938, inclusive.

Tbe appellant bank brought…