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McCLOUD v. CITY OF CADIZ

548 S.W.2d 158 (1977)

James B. McCLOUD and Bank of Cadiz, Appellants, v. CITY OF CADIZ, Kentucky, et al., Appellees.

Court of Appeals of Kentucky.

March 4, 1977.

Attorney(s) appearing for the Case

Chappell R. Wilson, Cadiz, for appellants.

Mary G. White, Cadiz, for appellees.

Before HAYES, LESTER and PARK, JJ.

HAYES, Judge.

This suit involves alleged irregularities under KRS 61.280 and KRS 424.260. Appellants filed a class action suit to contest certain actions taken by the mayor and council of Cadiz, which they contend violate these statutes. The following fact situations form the basis of the contest:

(1) The Mayor of Cadiz, W. J. Hopson, is a stockholder and employee of an insurance company which had handled all of the city's insurance business. This business...

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