PARKER, Circuit Judge.
This is an appeal in a suit instituted by holders of bonds of the city of Asheville, N. C., against that city, its mayor, its city manager, and the members of its city council. Some of the bonds held by complainants are waterworks bonds issued subsequent to the passage of the North Carolina Municipal Finance Act of 1917 (Laws 1917, c. 138); some are waterworks bonds issued prior to the passage of that act; some are sewerage bonds issued to provide...
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