Murtaugh Highway District v. Twin Falls Highway District

Respondent, Twin Falls Highway District, was organized September 6, 1918. February 8, 1922, appellant, Murtaugh Highway District, and the Rock Creek Highway District were formed and took over part of the territory of the original district, the remaining portion continuing as the Twin Falls Highway District. July 1, 1919, $1,250,000.00 ten-twenty year bonds were issued, all outstanding February 8, 1922.

Appellant’s suit herein was for reimbursement for claimed ad valorem overpayments of its proportionate liability on the bonds and its share of profits from respondent’s purchase and sale of…