Lexington Housing Authority v. Continental Casualty Co.

BAILEY BROWN, District Judge.

This action was tried by the Court sitting without a jury, and this memorandum decision is being prepared and filed in lieu of findings of fact and conclusions of law.

Prior to July 21, 1959, plaintiff, Lexington Housing Authority, a Tennessee corporation, entered into an agreement with the Public Housing Administration (hereafter called PHA) to borrow a sum of money for the purpose of constructing a low rent housing development in Lexington, Tennessee.

Plaintiff then published an invitation to bid in various newspapers, reserving therein the right to reject all…