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HANNA v. CONSOLIDATED SCHOOL DIST. NO. 1

No. 10235.

78 F.2d 374 (1935)

HANNA v. CONSOLIDATED SCHOOL DIST. NO. 1 OF HENRY COUNTY, MO.

Circuit Court of Appeals, Eighth Circuit.

July 1, 1935.

Attorney(s) appearing for the Case

Haysler A. Poague, of Clinton, Mo., for appellant.

V. E. Phillips, of Kansas City, Mo., and W. E. Owen, of Clinton, Mo., for appellee.

Before STONE, WOODROUGH, and BOOTH, Circuit Judges.

WOODROUGH, Circuit Judge.

This is an appeal from a decree awarding the Consolidated School District a preferred lien in the sum of $530 against the assets of the Clinton National Bank of Clinton, Mo., insolvent.

The facts are undisputed. In about the year 1915, the school district issued its bonds for building purposes in the sum of $50,000 in denominations of $500 each, the bonds being callable after five years. All of the bonds were duly called and paid...

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