Arkansas National Bank v. School District No. 99
Supreme Court of Arkansas
Appeal from .Washington Chancery Court; Ben F. McMahan, r Chancellor; STATEMENT OF FACTS. The Arkansas National Bank brought suit in the circuit court against Common School District No. 99 and certain individuals to recover on a note alleged to be due it in the sum' of $1,000 and the accrued interest. r : Judgment- was rendered by default in favor of the pla-iñtiff against- the defendants, and at the same term o± the court, oh ihotidn of School District No. 99, the judgmen t…
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Appeal from .Washington Chancery Court; Ben F. McMahan, r Chancellor; STATEMENT OF FACTS. The Arkansas National Bank brought suit in the circuit court against Common School District No. 99 and certain individuals to recover on a note alleged to be due it in the sum' of $1,000 and the accrued interest. r : Judgment- was rendered by default in favor of the pla-iñtiff against- the defendants, and at the same term o± the court, oh ihotidn of School District No. 99, the judgmen t was set aside. The cause was then transferred to equity, where it was tried. According to the evidence adduced in favor…
1Opinion of the Court
Hart, J.,
(after stating the facts). The decision of the chancellor was correct. It is the settled rule in this State that school districts have and can exercise only such powers as are expressly granted and such incidental ones as are necessary to make those powers available and effective. It is equally well settled that all persons who deal with school officers are presumed to have knowledge of the extent of their powers. First National Bank of Waldron v. Whisenhunt, 94 Ark. 583.
Our statute does not give the directors of common school districts the power to borrow money. The note was given…
2Cases cited3 opinions
- Turney v. Town of BridgeportSupreme Court of Connecticut · 1887
- First National Bank v. WhisenhuntSupreme Court of Arkansas · 1910
- Fluty v. School DistrictSupreme Court of Arkansas · 1886
3Cited by12 opinions
- School District No. 18 v. Grubbs Special School DistrictSupreme Court of Arkansas · 1931
- Burt v. Road Improvement District No. 11Supreme Court of Arkansas · 1923
- Rural Special School District No. 50 v. First National BankSupreme Court of Arkansas · 1927
- Beckley-Cardy Co. v. West Point Special School District No. 3Supreme Court of Arkansas · 1946
- Shackleford v. ThomasSupreme Court of Arkansas · 1930
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