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CITY OF HOT SPRINGS v. CREVISTON

No. 85-237.

705 S.W.2d 415 (1986)

288 Ark. 286

CITY OF HOT SPRINGS; Hot Springs Advertising & Tourist Promotion Commission; and First National Bank of Hot Springs, Appellants, v. Tom CREVISTON, Appellee.

Supreme Court of Arkansas.

March 3, 1986.

Attorney(s) appearing for the Case

Harkey, Walmsley, Belew & Blankenship, by John Norman Harkey, Batesville, for appellee.

Carl A. Crow, Jr., G. Latta Bachelor, III, Wootton, Glover, Sanders, Slagle, Parkerson & Hargraves by Richard Wootton & Robert Hargraves, Wood, Smith & Schnipper, by Ray S. Smith, Jr. & James W. Chesnutt, Hot Springs, Friday, Eldredge & Clark, Little Rock, by Hershel H. Friday, John C. Echols, John Dewey Watson, Robert K. Walsh & Robert S. Shafer, for appellants.

Steve Clark, Atty. Gen., Little Rock, by Curtis L. Nebben, Deputy Atty. Gen. for intervenor.

GEORGE ROSE SMITH, Justice.

This is a taxpayer's suit attacking the validity of a $3,000,000 municipal bond issue that was sold primarily to pay existing obligations of Magic Springs Theme Park, a privately owned amusement park in or near the City of Hot Springs. Creviston's complaint for a declaratory judgment and injunctive relief was filed in 1984 against the four appellants: the City of Hot Springs, its Advertising & Tourist Promotion Commission, and two Hot...

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