Stratton v. Pike County

Opinion op the Court by

Morris, Commissioner — *

Affirming.

The fiscal court of Pike County in December, 1936, by appropriate resolution, provided for the issuance of $175,000 of 4% per cent, bonds, to mature in twenty- eight years, the proceeds of which were to be used in paying off a floating indebtedness, evidenced by outstanding warrants of the county, drawn against the general expenditure and the road and bridge funds, all bearing 6 per cent, interest.

In order to comply with sections 186c-6 and _186c-7 of Ky. Stats. 1936 Ed.; the county filed its petition in the circuit court, making W. E.…