City of Carbon Hill v. Merchants Bank & Trust Co.

KNIGHT, Justice.

The complainant, .the owner and holder of six (6) street improvement bonds of the City of Carbon Hill, Alabama, (each of said bonds being in the sum of One Thousand Dollars, and bearing interest from date at six per cent per annum, payable semi-annually), filed this bill against the said City of Carbon Hi.ll, and others, for foreclosure of the lien upon the improved property, also for an accounting and other incidental relief.

It- appears from the averments of the bill that the bonds in question were issued and sold under the provisions of a certain street improvement…