Mercer v. North Little Rock Special School District

Hart, C. J.,

(after stating the facts). It appears from the statement of .facts, which need not be repeated here, that the school district advertised and sold the bonds with the following: “said bonds to be offered unconditionally.” The bonds were sold unconditionally, and E. M. Ream & Company became the purchaser thereof. The record shows that the bid of the American Southern Trust Company for the bonds was $8,617.60 higher than the bid of E. M. Ream & Company, and that the bid of Brown-Crummer Company was $39,304.70 higher than the bid of E. M. Ream & Company. Hence, it is insisted that one…