Board of Education v. McMinn County

This action was instituted by the Board of Education of the City of Athens, Tennessee, against McMinn County, *277the County Trustee of McMinn County and the McMinn County Board of Education, praying for a declaration and determination of the respective rights of the parties to certain funds in the hands of the County Trustee of McMinn County which were the proceeds of the sale of certain school bonds issued and sold by the governing-body of McMinn County pursuant to T.C.A. secs. 49-701 to 49-720, inclusive.

The case was tried in the Chancery Court upon a stipulation of facts agreed to by the…