STATON, Presiding Judge.
On October 2, 1923, the Board of Public Works and Safety of the City of Hammond adopted Improvement Resolution 1012 authorizing the construction of a sewer system in a recently developed residential area. The City financed this project by the issuance of municipal improvement bonds in ten consecutive series with interest coupons attached. As authorized by the Barrett Act, these municipal obligations were issued in anticipation of tax revenues...
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