Funk v. Town of Strathmoor Village

Opinion of the Court by

Chief Justice Ratliff

Affirming.

Pursuant to the provisions of Section 2741L-1 et seq., Kentucky Statutes, on April 27, 1939, the Board of Trustees of Strathmoor Village, a town of the sixth class, duly passed and adopted an ordinance providing for and authorizing the issuance of $30,000 of sewerage system revenue bonds of the town, to be applied to the construction of a sewerage system for the town, and pro viding for the sale of the bonds to the highest and best bidder. It' was provided that the bonds shall bear interest at the rate of 4 per cent per annum, payable…