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HARTWICK v. THORNE

No. 89-109.

780 S.W.2d 531 (1989)

300 Ark. 502

Terry C. HARTWICK, et al., Appellants, v. Mary THORNE, et al., Appellees.

Supreme Court of Arkansas.

Supplemental Opinion on Denial of Rehearing January 16, 1990.

Attorney(s) appearing for the Case

Jim Hamilton, City Atty., Francis D. Crumpler, North Little Rock, for appellants.

Richard W. Roachell, David E. Simmons, Little Rock, for appellees.

PURTLE, Justice.

This is an appeal of a chancellor's ruling requiring the appellants to refund to the appellee taxpayers the principal and interest on a part of a bond issue proceeds which could no longer be spent for a designated project. The appellants argue that the court erred in finding the bond issue to be an illegal exaction and in requiring the accumulated interest on funds set aside from the bond issue to be refunded to the taxpayers. The trial court ruled...

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