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  5. 516 N.E.2d 119 (1987)
 

LANTERN HILLS CONSERVANCY DIST. v. STATE BD. OF TAX COM'RS

No. 49T05-8703-TA-00014.

516 N.E.2d 119 (1987)

LANTERN HILLS Conservancy District, Petitioner, v. INDIANA STATE BOARD OF TAX COMMISSIONERS, Respondent.

Indiana Tax Court.

October 22, 1987.

Attorney(s) appearing for the Case

Karl J. Stipher, Judith E. Overturf, Harrison & Moberly, Jerry M. Burton, Indianapolis, for petitioner.

Linley E. Pearson, Atty. Gen. by Marguerite M. Sweeney, Deputy Atty. Gen., Indianapolis, for respondent.

FISHER, Judge.

The Petitioner, Lantern Hills Conservancy District, petitioned the Respondent, State Board of Tax Commissioners, for the authority to issue bonds for the construction of sewers. The remonstrators filed objections on the grounds that the bond issuance was unnecessary or excessive. The State Board denied the petition and this appeal followed.

The residents of Lantern Hills were in need of a sewer system...

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