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SCHOOL DIST. OF LEPANTO OF POINSETT COUNTY, ARK. v. FIRST DETROIT CO.

No. 9846.

72 F.2d 654 (1934)

SCHOOL DIST. OF LEPANTO OF POINSETT COUNTY, ARK., et al. v. FIRST DETROIT CO.

Circuit Court of Appeals, Eighth Circuit.

August 13, 1934.

Attorney(s) appearing for the Case

John S. Mosby, of Lepanto, Ark. (Lucien E. Coleman, of Lepanto, Ark., on the brief), for appellants.

Charles Frierson, Jr., of Jonesboro, Ark. (Charles D. Frierson, of Jonesboro, Ark., on the brief), for appellee.

Before SANBORN and WOODROUGH, Circuit Judges, and DEWEY, District Judge.

DEWEY, District Judge.

This is an action at law to recover the principal and interest alleged to be due on bonds issued by appellant School District of Lepanto of Poinsett County, Ark. The plaintiff in the original action was the First Detroit Company, Trustee, a corporation organized under the laws of Michigan, and jurisdiction is invoked on the grounds of diversity of citizenship. The face value of the bonds sued upon is $3,000, and the interest due to May 1, 1933...

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