HAMILTON, Circuit Judge.
This action was instituted by appellee, receiver of the Ashland National Bank, a banking association organized under the laws of the United States and in liquidation, to recover the principal and interest on certain street improvements bonds, the cost of such improvements having been assessed against the abutting property owners.
On May 25, 1925, the Council of the City of Louisa, a city of the fifth class located in Lawrence County...
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