First Nat. Bank of Athens v. Murchison Independent School Dist.

YOUNG, Justice.

The parties here will be given the same designation as in the trial court. Plaintiff below instituted this suit against the defendant on January 8, 1936, in the district court of Henderson county on three warrants, of date April 23, 1932, each in the principal sum of $400, payable to the First State Bank of Murchison, Tex. — one, two and three years after date — bearing interest annually at 6 per cent., each instrument reciting: “This warrant is given in part payment for purchase price of school furniture and equipment and is payable out of Local Maintenance Tax Funds of…