Court of Appeals of Kentucky (pre-1976) October 22, 1937 (Bales v. Holt, County School Superintendent)

Opinion op the Court by

Judge Thomas

Affirming in part and reversing in part.

On April 2, 1937, the county board of education of Pulaski county, Ky., passed a resolution proposing the issuing of $33,000 of bonds against the future revenues of the board; the proceeds from which to be devoted to the payment of floating indebtedness incurred by the board during the previous school year (i. e.