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CHICOT COUNTY DIST. v. BANK

No. 122.

308 U.S. 371 (1940)

CHICOT COUNTY DRAINAGE DISTRICT v. BAXTER STATE BANK ET AL.

Supreme Court of United States.

Decided January 2, 1940.

Attorney(s) appearing for the Case

Messrs. E.L. McHaney, Jr. and S. Lasker Ehrman, with whom Mr. Grover T. Owens was on the brief, for petitioner.

MR. CHIEF JUSTICE HUGHES delivered the opinion of the Court.

Respondents brought this suit in the United States District Court for the Western Division of the Eastern District of Arkansas to recover on fourteen bonds of $1,000 each, which had been issued in 1924 by the petitioner, Chicot County Drainage District, organized under statutes of Arkansas,1 and had been in default since 1932.

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