Northern Trust Co. v. City of Independence

FINCH, Judge.

This is a declaratory judgment action wherein plaintiffs, after purchasing and paying for bonds issued by the City of Independence, sought a declaration that the bonds were invalid and that plaintiffs should recover damages, including the purchase price paid for the bonds. Two taxpayers, owners of property in Independence, were allowed to intervene as representatives of a class. They attacked the validity of the bonds on constitutional grounds. The trial court held the bonds valid and plaintiffs and intervenors appealed. We conclude that we have jurisdiction because construction…