Russell v. Fiscal Court of Boyd County

Opinion op the Court by

Stanley, Commissioner—

Affirming.

At the beginning of the calendar year Boyd County found itself financially embarrassed with a large outstanding debt and insufficient funds and revenue with which to meet same. The county commissioners proceeded to set the house in order by securing the advice of the presidents of the three banks in the county as a finance committee. In addition to refunding matured and maturing bonds amounting to $113,000, it has made plans to liquidate and fund its floating debt of $240,365.92. The refunding of the road and bridge bonds is considered in…