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OLDS v. TOWN OF BELLEAIR

No. 9766.

120 F.2d 492 (1941)

OLDS v. TOWN OF BELLEAIR.

Circuit Court of Appeals, Fifth Circuit.

Rehearing Denied July 2, 1941.

Attorney(s) appearing for the Case

Giles J. Patterson, of Jacksonville, Fla., for appellant.

O. K. Reaves, of Tampa, Fla., and D. G. Haley, of Sarasota, Fla., for appellee.

Before SIBLEY, HOLMES, and McCORD, Circuit Judges.

SIBLEY, Circuit Judge.

Appellant Olds sued Town of Belleair alleging that the Town had issued $300,000 of bonds dated July 1, 1924, validated by a decree of court dated July 28, 1924, for municipal improvements; that he had purchased $100,000 of the bonds, and the town had used the money for the municipal purposes for which it was borrowed; but in a proceeding to issue refunding bonds to which he was no party the Supreme Court of Florida had held the original bonds...

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