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WARREN RURAL ELEC. COOPERATIVE CORP. v. HARRISON

229 S.W.2d 473 (1950)

312 Ky. 702

WARREN RURAL ELECTRIC COOPERATIVE CORPORATION, Inc. et al. v. HARRISON et al.

Court of Appeals of Kentucky.

April 28, 1950.

Attorney(s) appearing for the Case

Leland H. Logan, Bowling Green, for appellants.

W. A. Moore, Morgantown, for appellees.

CAMMACK, Justice.

The principal question involved on this appeal is the correctness of the chancellor's ruling that the Board of Directors of the Warren County Electric Cooperative Corporation, Incorporated, was authorized at the Corporation's annual meeting held on August 30, 1949, to borrow up to $10,000,000 from the United States of America under the Rural Electrification Act of 1936, as amended, 7 U.S.C.A. § 901 et seq., to further its rural electrification...

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