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CITY OF NEWPORT v. COCKE COUNTY

703 S.W.2d 626 (1985)

CITY OF NEWPORT and Board of Education of the City of Newport, Plaintiffs-Appellants, v. COCKE COUNTY, Tennessee, Victor Webb, Trustee of Cocke County, Tennessee and Board of Education of Cocke County, Tennessee, Defendants-Appellees.

Court of Appeals of Tennessee, Eastern Section.

Permission to Appeal Denied January 27, 1986.

Attorney(s) appearing for the Case

John F. Dugger, Bacon, Dugger, Jessee & Perkins, Morristown, for plaintiffs-appellants.

N.R. Coleman, Jr., and Ronald W. Woods, Milligan, Coleman, Fletcher, Gaby, Kilday & Woods, Greenville, for Board of Educ. of Cocke County.

Fred L. Myers, Jr., Newport, for Cocke County, and Victor Webb, Trustee of Cocke County.

Permission to Appeal Denied by Supreme Court, January 27, 1986.

OPINION

FRANKS, Judge.

The City of Newport's suit for a pro rata share of the proceeds of school improvement bonds issued by Cocke County was dismissed by the chancellor. On appeal, the city insists that it is entitled to 13.43 per cent of the $1,253,000.00 bond proceeds,1 under the authority of T.C.A., § 49-3-1003.

The pertinent provision of...

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