Hutchinson, Shockey, Erley & Co. v. Evansville-Vanderburgh County Building Authority

SULLIVAN, Justice.

We hold that holders of the Bonds issued in 1966 to finance construction of the Evansville Civic Center Complex are not entitled to receive payment before the stated maturity date of their bonds. We therefore grant transfer, vacate the decision of the Court of Appeals, Hutchinson, Shockey, Erley & Co. v. Evansville-Vanderburgh County Bldg. Auth. (1993), Ind.App., 626 N.E.2d 551, reh'g denied, and affirm the decision of the trial court in this case. Ind.Appellate Rule 11(B)(3).

Background

The facts, taken largely from the opinion of the Court of Appeals, are as follows. In May,…