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CITY OF OWENSBORO v. DEPARTMENT OF REVENUE

234 S.W.2d 664 (1950)

CITY OF OWENSBORO et al. v. DEPARTMENT OF REVENUE OF KENTUCKY et al.

Court of Appeals of Kentucky.

November 28, 1950.

Attorney(s) appearing for the Case

Ridley M. Sandidge, Earl S. Winter and George S. Wilson, Jr., all of Owensboro, for appellants.

A. E. Funk, Atty. Gen., Hal Williams, Asst. Atty. Gen., Thomas F. Marshall, Frankfort, for appellees.

HELM, Justice.

In 1948-49, appellant, City of Owensboro, pursuant to KRS, Chapters 58 and 97, constructed a combination gymnasium and auditorium with adjoining swimming pool. In order to sell revenue bonds to finance this "public project" the City, pursuant to KRS, Chapter 58, pledged a portion of its light and water revenues to the payment of the bonds. See, McKinney v. City of Owensboro, 305 Ky. 254, 203 S.W.2d 24.

Appellant, City of Owensboro Recreational...

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