Callahan v. City of Berkley

Wiest, J,

This suit in equity is by holders of bonds and obligations of the village of Berkley, now city of Berkley, to have decree determining their rights and that of other bondholders like situated. The circuit judge classified the bonds and obligations and limited some to special sources of income and held others general obligations of the city to the extent of charter and statutory authorization. Defendants review by appeal and plaintiffs by cross appeal.

The obligations were issued by the village of Berkley between 1925 and 1929, while operating under the home rule statute and charter…