County Debt Commission v. Morgan County

Opinion op the Court bt

Sims, Commissioner — ■

Reversing.

These two cases were heard together in the lower court and both will be disposed of on this appeal in one opinion. The appeals are from judgments of the Franklin Circuit Court holding unconstitutional the “County Debt Act,” being section 938q-l et seq., Kentucky Statutes, 1938 Supplement, which will hereinafter be referred to as the “Act.”

On January 2, 1932, the United States District Court for the Eastern District of Kentucky rendered judgment against Morgan County in favor of the State Bank of New York et al. on two notes executed to…