Joint School Dist. No. 1 v. State Nat. Bank of Wynnewood

This was an action against the defendant school district, a municipal corporation, on warrants issued by it, in which action the plaintiff assignee of said warrants prevailed. The defendant appeals.

The claims or expenses for which the warrants were issued, were created during the fiscal year commencing July 1, 1929, and ending June 30, 1930, and the warrants were issued pursuant to the approved, estimated needs and appropriation of the defendant school district for that ye'ar. The taxes levied were collected, and the indebtedness paid by the warrants was within the constitutional limitation…