Basehore v. Hampden Industrial Development Authority

Opinion by

Me. Justice Jones,

Both these cases originated as equity actions to enjoin the respective defendants (municipal authorities, certain officials and private concerns) from taking any action pursuant to acquisition agreements (“Agreements”) entered into by the respective defendants pursuant to the Industrial Development Authority Law (Act of August 23, 1967, P. L. 1609, 73 P.S. §371) (“Act”), and the Amendment to the County Code (Act of January 12, 1968, P. L. , §1999g, 16 P.S. §1999g) (“Amendment”), authorizing the issuance of *44nondebt revenue bonds by counties of the third to eighth…