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COTTON v. CITY OF FAYETTEVILLE

No. 84-250.

682 S.W.2d 453 (1984)

284 Ark. 323

Delano COTTON, Appellant, v. CITY OF FAYETTEVILLE, Arkansas; Charles Ragland, Commissioner of Revenues of the State of Arkansas; and Steve Clark, Attorney General of the State of Arkansas, Appellees.

Supreme Court of Arkansas.

Rehearing Denied January 28, 1985.

Attorney(s) appearing for the Case

Gary Carson, Fayetteville, for appellant.

Timothy J. Leather, Joseph V. Svoboda, Kelly S. Jennings, John H. Theis, Joe Morphew and Michael D. Munns by Wayne Zakrzewski and Ann Kell, Little Rock, and James McCord, City Atty., Fayetteville, and Rose Law Firm by George E. Campbell, H. Watt Gregory, III, and David Williams, Little Rock, for appellees.

DUDLEY, Justice.

The City of Fayetteville proposes to issue $25,000,000.00 in municipal bonds to finance improvements to its wastewater treatment plant and to retire some outstanding bonds which it had previously issued. The city intends to repay the bonds with the proceeds of a one percent local sales and use tax and from revenue collected from the wastewater system. The sales and use tax would be the principal source...

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