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CITY OF FT. SMITH v. O'LOUGHLIN

No. 85-238.

705 S.W.2d 420 (1986)

288 Ark. 294

CITY OF FORT SMITH et al., Appellants, v. Joseph F. O'LOUGHLIN, Appellee.

Supreme Court of Arkansas.

March 3, 1986.

Attorney(s) appearing for the Case

Friday, Eldredge & Clark by Michael G. Smith, Little Rock, for appellants.

Harrison & Hewett by Mark Hewett, Fort Smith, for appellee.

GEORGE ROSE SMITH, Justice.

This is a taxpayer's suit brought by the appellee for a declaratory judgment to determine the validity of tax-exempt bonds to be issued by the Fort Smith Tourism Facilities Board for the construction of a nine-story 260-room hotel in downtown Fort Smith. Although the building is to be 100% financed by the bond issue, it will be a privately owned hotel, operated for profit. Apparently construction is under way, with the opening of the hotel...

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