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McBRIDE v. MERIDIAN PUBLIC IMP. CORP.

Nos. 96-CA-01018-SCT, 97-CA-00814-SCT.

730 So.2d 548 (1998)

Bill McBRIDE v. MERIDIAN PUBLIC IMPROVEMENT CORPORATION and the City of Meridian, Mississippi.

Supreme Court of Mississippi.

Rehearing Denied February 18, 1999.

Attorney(s) appearing for the Case

John R. Reeves, Oklahoma City, OK, Attorney for Appellant.

Tommie Sullivan Cardin, Jackson, William C. Hammack, Meridian, Attorneys for Appellees.

Before PITTMAN, P.J., and JAMES L. ROBERTS, Jr. and SMITH, JJ.

PITTMAN, Presiding Justice, for the Court:

¶ 1. In April, 1993, the mayor and city council of Meridian, Mississippi elected to finance the purchase of property and construction of a public improvement project identified as "The Downtown Plaza Project" through Mississippi's public "Lease-Purchase-Law", Miss.Code Ann. § 31-8-1 et seq. (1990) with the issuance of Certificates of Participation ("COPS"). In March 1994, the City elected to use the same financing...

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