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JONES v. VILLAGE OF PROCTORVILLE, OHIO

No. 14438.

290 F.2d 49 (1961)

Dr. Arthur S. JONES, Successor to the United States of America, Plaintiff-Appellee, v. VILLAGE OF PROCTORVILLE, OHIO, A Municipal Corporation of Lawrence County, Ohio, Defendant-Appellant.

United States Court of Appeals Sixth Circuit.

May 8, 1961.

Attorney(s) appearing for the Case

J. B. Collier, Ironton, Ohio, for appellant.

James E. Waldo, Ironton, Ohio, for appellee.

Before MILLER, Chief Judge, SIMONS, Senior Circuit Judge, and O'SULLIVAN, Circuit Judge.

PER CURIAM.

The Reconstruction Finance Corporation filed this action to recover on revenue bonds held by it and issued by the defendant-appellant, Village of Proctorville, Ohio, in the financing of a municipal water works and sewer system. On its application the District Court appointed a Receiver on July 10, 1941. The receivership has continued in effect continuously since then.

On or about August 1958 Dr. Arthur S. Jones purchased the bonds from the Reconstruction...

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