Fidelity Nat. Bank & Trust Co. of Kansas City v. McNeal

BRATTON, Circuit Judge.

Appellant, a corporation domiciled at Kansas City, Mo., instituted this suit to recover from appellee certain sécurities in the nature of paving certificates, commonly called tax bills, issued by the city of Tulsa in Oklahoma, to Standard Paving Company, on April 29, 1924, in payment of pavement and other street improvements. The securities are not general obligations of the city; they are special obligations payable exclusively from the proceeds of special assessments made against the property improved. Standard Paving Company sold them to Hanchett Bond Company, a…