Court of Appeals of Kentucky April 28, 1950 (Warren Rural Electric Cooperative Corp. v. Harrison)

Judge Cammaok

Affirming.

The principal question involved on this appeal is the correctness of the chancellor’s ruling that the Board of Directors of the Warren County Electric Cooperative Corporation, Incorporated, was authorized at the Corporation’s annual meeting held on August 30, 1919, to borrow up to $10,000,000 from the United States of America under the Rural Electrification Act of 1936,