Bankers Life Co. v. City of Littlefield

HOLMES, Circuit Judge.

The City of Littlefield, Texas, was incorporated in 1924. Thereafter, the city issued its negotiable bonds and warrants on the dates, in the amounts, and of the maturities set forth in the following tabulated statement:

Original Amount Amount Purpose Outstanding Date Rate

$75,000 Waterworks $74,000 4-15-25 6%

75,000 Sewer 74,000 1-10-26 6%

40,000 Street Improvement 40,000 3-15-28 6%

10,000 Waterworks 9.0Q0 3-15-28 6%

60,000 City Hall 50,000 7-15-29 6%

10,000 Street Improvement 10,000 7-15-29 6%

39,000 Water System Revenue 35,000 2-15-35 4%

4,500 Fire Truck Warrants 2,500 2-10-29…