Nos. 51414, 51431 Precedential Processed

Schwegmann v. Parker

Louisiana Supreme Court · Filed May 25, 1971 · 249 So. 2d 921

The holding in the court’s own words

*317 For the reasons there assigned, we conclude that the defendant Commission correctly determined that La.

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Opinion text

TATE, Justice. This is a suit for declaratory judgment. The plaintiffs bring it as citizens, taxpayers, and legislators of Louisiana. By it, they also seek judicial review of a refusal of the defendant Louisiana State Bond Commission to consider and review the issuance of a $113 million bond issue by the Louisiana Stadium and Exposition District. The trial court judgment ordered that the bonds must be sold by the defendant Commission pursuant to La.R.S. 39:1403. The present proceedings were consolidated with two companion suits: Abbott v. Parker, 259 La. 279 , 249 So.2d 908 (rendered this same date); and Branton v. State Bond and Tax Board, 259 La. 313 , 249 So.2d 920 (rendered this same date). The issues of this case and of the companion s'uits are discussed and decided in the Abbott decision. *317 For the reasons there assigned, we conclude that the defendant Commission correctly determined that La.R.S. 39:1401-06 is not applicable to bond issues of the Louisiana Stadium and Exposition District. Decree: We therefore reverse the judgment of the trial court and dismiss this suit. The plaintiffs-respondents are to pay the costs of these proceedings. Reversed and rendered.