Refunding Board of Arkansas v. Bailey

The appellee, H. A. Bailey, a citizen, resident and taxpayer, brought this suit against the appellant, asking that the appellant be permanently restrained and enjoined from issuing any greater amount of refunding certificates to Street Improvement District No., 2 of Booneville, Arkansas, than $75,652.78.

The appellant states: 1 ‘ The question involved in this case is the amount of refunding certificates to which Street Improvement District No. 2 of Booneville, Arkansas, is entitled under Aj> 11 and 12 of act 11 of the Acts of 1934.” Both parties, in fact, agree that this is the only issue to…