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CANAL NATIONAL BANK v. SCHOOL ADMINISTRATIVE DIST.

203 A.2d 734 (1964)

CANAL NATIONAL BANK et al. v. SCHOOL ADMINISTRATIVE DISTRICT NO. 3 et al.

Supreme Judicial Court of Maine.

October 14, 1964.

Attorney(s) appearing for the Case

Verrill, Dana, Walker, Philbrick & Whitehouse, by Roger A. Putnam, Portland, for plaintiff.

George A. Wathen, Augusta, for S. A. D. 3 and Directors.

Judson Jude, Newport, for Town of Brooks.

David A. Nichols, Camden, for Town of Liberty.

Richard J. Dubord, Waterville, for Towns of Brooks and Liberty.

John W. Benoit, Asst. Atty. Gen., Augusta, for State of Maine and State Board of Education.

WILLIAMSON, Chief Justice.

On appeal. The plaintiff banks are holders of bonds issued by School Administrative District No. 3 (SAD No. 3). The defendants are SAD No. 3, its officers and directors, the inhabitants of the eleven constituent towns, the State Board of Education and its members, the Commissioner of Education and the Attorney General. The plaintiffs sought and obtained a declaratory judgment holding P. & S...

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