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WHITE v. COMMON COUNCIL OF CITY OF MIDDLESBORO

414 S.W.2d 569 (1967)

Hubert F. WHITE, etc., Appellant, v. COMMON COUNCIL OF the CITY OF MIDDLESBORO, Kentucky et al., Appellees.

Court of Appeals of Kentucky.

May 5, 1967.

Attorney(s) appearing for the Case

Hubert F. White, City Atty., Middlesboro, for appellant.

Henry M. Reed, III, Skaggs & Hays, Louisville, for appellees.

WADDILL, Commissioner.

In this declaratory judgment action the trial court upheld the validity of an ordinance, lease and related instruments of the City of Middlesboro effectuating a plan for the issuance of revenue bonds by a holding company which will acquire off-street parking facilities and a fire truck and lease them to the city. The bonds, in the sum of $500,000, are to be redeemed by a pledge of the city's parking meter revenue.

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