Ebert v. Bd. of Ed. of City of Newport

Opinion of the Court by

Judge Pulton

Reversing.

The appellee, the Board of Education of the School District of the City of Newport, on November 25, 1938, entered into an agreement to sell to Magnus and Company of Cincinnati $90,000 in 3% per cent, funding bonds of the Newport City School District, and on December 14, 1938, an order was adopted by appellee authorizing the issuance of these bonds for the purpose of paying $90,000 floating indebtedness.

Appellant filed this action alleging that appellee was about to issue the bonds illegally and sought an injunction to prevent the issuance thereof.…