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AMBAC INDEM. CORP. v. AKRIDGE

S92A1513.

262 Ga. 773 (1993)

425 S.E.2d 637

AMBAC INDEMNITY CORPORATION v. AKRIDGE et al.

Supreme Court of Georgia.

Reconsideration Denied February 24, 1993.

Attorney(s) appearing for the Case

Sutherland, Asbill & Brennan, D. Robert Cumming, Jr., R. Michael Robinson, John H. Mobley II, Chambers, Rice & Rogers, Thomas C. Chambers III, for appellant.

Sutton & Slocumb, Berrien L. Sutton, Yancey, Perkins & Barnick, Howard E. Yancey, Jr., for appellees.

King & Spalding, Robert L. Steed, M. Robert Thornton, Sean R. Smith, Hurt, Richardson, Garner, Todd & Cadenhead, L. Clifford Adams, Jr., Paul M. Talmadge, Jr., Douglas P. Haines, Albert A. Chapar, Jr., amici curiae.

FLETCHER, Justice.

Ambac Indemnity Corporation, an insurer of municipal bonds, appeals from the trial court's order declaring invalid a contract between Berrien County and the Berrien County Resource Recovery Development Authority and granting a permanent injunction prohibiting the levy of taxes to pay for revenue bonds for a recycling facility. We conclude that the validation order issued December 1, 1988, in the bond validation proceeding is conclusive on the validity...

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