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GAGE v. CITY OF WILMINGTON

293 A.2d 555 (1972)

Hugh B. GAGE, Plaintiff, v. The CITY OF WILMINGTON, a Municipal corporation of the State of Delaware, Defendant.

Supreme Court of Delaware.

May 15, 1972.

Attorney(s) appearing for the Case

John G. Mulford, of Theisen, Lank & Kelleher, Wilmington, for plaintiff.

Daniel M. Kristol, Asst. City Sol., Wilmington, for defendant.

Before CAREY and HERRMANN, JJ., and STIFTEL, President Judge.

HERRMANN, Justice:

This certification arises from an action seeking a declaratory judgment that Wilmington Ordinance 71-050, providing for the sale and issuance of certain municipal bonds, is unlawful.

I.

The Ordinance, enacted by the Mayor and Council of Wilmington on July 9, 1971, authorizes the issuance of negotiable municipal bonds, in the maximum aggregate principal amount of $1 million, "to finance...

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