Jones v. Stearns, Mayor

Opinion of the Court by

Chief Justice Stites

Reversing.

This is an appeal from a judgment of the Cumberland Circuit Court sustaining the validity of an issue of water works and sewer revenue bonds of the city of Burkesville of the par value of $66,000. In April, 1934, the city issued $39,000 of water works revenue bonds under the provisions of Chapter 92 of the Acts of 1930 (Kentucky Statutes, sections 2741L-23 to 2741L-42). These 1934 bonds were sold and $37,000 worth of them are outstanding in the hands of the general public. It is proposed by the issue of bonds now before us to retire or…