SCOTT v. CITY OF TRUTH OR CONSEQUENCES

No. 5682.

262 P.2d 780 (1953)

57 N.M. 688

SCOTT v. CITY OF TRUTH OR CONSEQUENCES.

Supreme Court of New Mexico.

October 28, 1953.


Attorney(s) appearing for the Case

W.C. Whatley, W.B. Darden, LaFel E. Oman, Las Cruces, for appellant.

Douglass K. FitzHugh, Truth or Consequences, for appellee.


COMPTON, Justice.

The decisive question presented by this appeal is whether revenues derived from municipally owned and operated revenue-producing enterprises, for the purchase or improvement of which the municipality shall have issued its bonds, may be used for other corporate purposes so long as rights of bondholders are outstanding.

Appellee instituted this action to enjoin the diversion of funds by the City of Truth or Consequences, and for the appointment...

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