Payne v. City of Racine

There is no dispute on the facts. In the year 1929 the city of Racine purchased real estate to be used as a site for a sewage disposal plant. In May, 1930, the city authorized and issued general obligation bonds in the sum of $400,000 for the planning, construction, and establishment of units of a sewage disposal system. Of the $400,000 approximately $374,000 was spent for the construction of the “Root River Interceptor” and the “Sixth Street Pumping Station;” $26,000 of this bond issue remains on hand. In July, 1931, the city authorized the issuance of $750,000 general obligation bonds for…