Legal Opinion
Application of B of E of City of Ardmore
Supreme Court of Oklahoma
Decided July 16, 1935No. 26129PublishedCited by 1 opinion
1Opinion of the CourtRiley, J.
This appeal involves the ques- • tion of the authority or power of the district court to control the rate of interest of bonds about to be issued to refund judgment indebtedness of a municipality, and the effect of the contract or agreement to fund.
The board of education of the city of Ardmore entered into an agreement with R. J. Edwards, Inc., and W. J. Barnett, Bank Commissioner, to fund certain judgment indebtedness of the school board. The agreement provided that the funding bonds when issued should bear 6 per cent, interest, and should run from 4 to 17 years, payable in annual…
2Cases cited5 opinions
- Faught v. City of SapulpaSupreme Court of Oklahoma · 1930
- Honnold v. Brd. of Com'rs Carter Co.Supreme Court of Oklahoma · 1916
- Maryland Casualty Co. v. Board of Com'rs of Okmulgee CountySupreme Court of Oklahoma · 1926
- Curtis v. Bd. of Commr. of Sequoyah Cty.Supreme Court of Oklahoma · 1912
- News-Dispatch Printing & Audit Co. v. Board of Com'rsSupreme Court of Oklahoma · 1927
3Cited by1 opinion
- Kansas City Southern R. Co. v. Adair CountySupreme Court of Oklahoma · 1942