In this declaratory judgment suit to test the validity and obtain judicial approval of a proposed issue of bonds by the LaRue Board of Education to liquidate a deficit in the revenues as of June 30, 1953, it was adjudged that: (1) bonds not exceeding the amount of $28,000 are valid; (2) the same does not exceed any constitutional or statutory limitation of indebtedness; (3) the bonds will be first payable...
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