Supreme Court of Oklahoma December 21, 1948, No. 33398 (Burch v. City of Pauls Valley)

GIBSON, J.

Acting upon the purported authority of House Bill 466 (L. 1947, p. 56 et seq., sec. 311 to 318, inc., *79Tit. 11 O. S. Supp. 1947), the city of Pauls Valley enacted an ordinance authorizing the issuance of bonds of the city in the total amount of $585,000, payable from a portion of the net revenues to be derived from the water system of the city after its improvement and extension with