City of Woodward v. Raynor

1911 OK 343, 119 P. 964, 29 Okla. 493, 1911 Okla. LEXIS 334
Supreme Court of Oklahoma·Decided October 17, 1911·No. 2154·Published·Cited by 11 cases

Opinion

TURNER, C. J.

From an order granting a temporary injunction, entered in the district court of Woodward county, November 11, 1910, restraining them from issuing a certain $30,000 worth of municipal electric lighting bonds described in plaintiff’s petition, and enjoining defendants from doing’ any act imposed by law tending to subject the property of plaintiff to the *494 payment of taxes assessed to pay interest thereon and create a sinking fund, plaintiffs in error, defendants below, bring the cause here. It is assigned that the court erred in overruling the demurrer, in that the petition fails to state facts sufficient to constitute a cause of action. The petition is. filed by plaintiff, John Raynor, a resident taxpayer of said county and of the city of Woodward, who, after alleging the corporate existence of $aid city and that defendants, Frank K. Tucker and W. H. Wilcox, are respectively the duly elected cpunty clerk and county treasurer of said county; further alleges that pursuant to ordinance No. 88 of the city council of .said city, passed and approved July 8, 3 910, entitled:

“An ordinance relative to the construction of an electric light plant and additions, extensions and repairs, to a system of waterworks in, and to be owned exclusively by the city of Woodward,' Woodward county, Oklahoma, and calling an election for the purpose'of submitting to the qualified property taxpaying voters of said city, the proposition of issuing negotiable coupon bonds of said city of the sum of $65,000.00 for said pub■lic utilities; being $30,000.00 for the construction of said electric light plant, and $35,000.00 for the construction of said addition, extension and repair to the said system of water works.”

—and pursuant to a proclamation of the mayor of said city calling the same, an election of the resident taxpaying voters of said city was held on August 17, 1910, whereat there was submitted to said voters, pursuant to art. 10, sec. 27, of the Constitution, the proposition indicated on the ballot prescribed by said ordinance and set forth in said proclamation and used at said election, which read:

“Shall the city of Woodward, Woodward county, Oklahoma, incur an indebtedness by issuing its negotiable coupon bonds to the aggregate amount of $30,000.00 for the purpose of providing funds for the construction of an electric light plant in and to be owned exclusively by said city; and levy and collect an annual tax upon all of the taxable property in said city sufficient to pay the interest on said bonds as it falls due, and also to constitute, a sinking fund for the payment of the principal thereof, within 25 years from their date, said bonds to be dated September 1,' 1910, and to become due and payable at such *495 time or times, but not more than 25 years from their date, as the council may prescribe, and to bear interest at the rate of not to exceed six per cent per annum, payable semi-annually.
"( ) Yes. ( ) No.”

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City of Woodward v. Raynor, 1911 OK 343, 119 P. 964, 29 Okla. 493, 1911 Okla. LEXIS 334 (Okla. 1911).

1911 OK 343 (City of Woodward v. Raynor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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