Mitchell v. City of Glasgow

Opinion op the Court by

Judge Ratlipf

Affirming-

On January 7, 1941, the Board of Common Council of Glasgow, Kentucky, a city of the fifth class, enacted an ordinance providing for the issuance and sale of $26,000 City of Glasgow 3% funding bonds, the proceeds of which when sold to be used to pay and discharge a like amount of outstanding floating indebtedness of the City of Glasgow. The maturity dates of the bonds are from February 1, 1942, to February 1, 1953, inclusive.

In September, 1941, the City of Glasgow brought this action in the Barren circuit court pursuant to the provisions of…