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CITY OF HENDERSON v. TODD

314 S.W.2d 948 (1958)

CITY OF HENDERSON, Kentucky, Appellant, v. Robert E. TODD, Individually, etc., Appellees. W. R. CONLEY, Appellant, v. CITY OF HENDERSON, Kentucky, Appellee.

Court of Appeals of Kentucky.

July 11, 1958.

Attorney(s) appearing for the Case

George S. Clay, Henderson, for W. R. Conley.

Leonard T. Mitchell, Henderson, for City of Henderson.

Franklin P. Hays, Louisville, Wm. M. Deep, Henderson, for Todd.

STANLEY, Commissioner.

The City of Henderson adopted an ordinance authorizing the acquisition of an existing industrial plant and the issuance of bonds to finance the purchase. The preamble of the ordinance recites certain factual conditions of abnormal unemployment in the city and that the present owner, the Gibbs Automatic Moulding Corporation, is handicapped by inadequate working capital and has advised the city that...

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