Legal Opinion
Hemlepp v. Aronberg
Court of Appeals of Kentucky
Decided June 28, 1963PublishedCited by 2 opinions
1Opinion of the Court
CLAY, Commissioner.
This is an agreed case questioning the validity of a refunding bond issue of the City of Ashland. Its legality was upheld by the trial court.
In 1960 the City, acting for the benefit of the Board of Education of the Ashland Independent School District under the authority of KRS Chapter 162, authorized the issue and sold $2,500,000 of school revenue bonds. These bonds carried an interest rate of 4¼. to 4¾ percent interest and were noncallable until March 1, 1965. Subsequently in 1962 an additional $200,000 in parity bonds was issued for the same purpose. (These bonds carried…
2Cases cited10 opinions
- State v. City of MelbourneSupreme Court of Florida · 1957
- State Ex Rel. Maestri v. CaveSupreme Court of Louisiana · 1939
- State v. City of OrlandoSupreme Court of Florida · 1955
- Hale v. Fiscal Court of Fulton CountyCourt of Appeals of Kentucky (pre-1976) · 1940
- Hale v. Fiscal Court of Fulton CountyCourt of Appeals of Kentucky (pre-1976) · 1940
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3Cited by2 opinions
- Ladt v. County of McCrackenCourt of Appeals of Kentucky · 1977
- Pardue v. Kentucky Savings Bond AuthorityCourt of Appeals of Kentucky · 1974