THOMAS, Circuit Judge.
This is an appeal from a decree in equity awarding recovery upon two series of negotiable bonds issued by the appellant school district.
The district was created on July 27, 1916, by order of the county court of Poinsett county, Ark., as rural special school district No. 3. The laws of the state provide for two types of special school districts: (1) "Rural special school districts" and (2) "special school districts." The boards of directors...
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