BLISS, Justice.
The population of Montezuma in 1950 was 1460. Proceeding under Chapter 407, entitled "Indebtedness", of the 1950 Code of Iowa, I.C.A., the electors of the defendant town, at a special election held on January 17, 1951, voted 556 to 113, in favor of the following public measure: "Shall the Town of Montezuma, Iowa, improve its Municipal Water Works System by the construction of a water reservoir and the acquisition of a site therefor, and contract indebtedness...
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