Paradise Lane & Livestock Co. v. Federal Land Bank of Berkeley‪.‬

In accordance with the statutory scheme prescribed by Chap. 10, Art. 1, Session Laws of 1907-1908, Revised Laws of 1910, Secs. 608-643, C.O.S. 1921, 4583-4618, 11 O.S.A. 81 et seq., the City of Eufaula, Oklahoma, by resolution of its council, authorized the issuance of Series No. 2, interest bearing "street improvement bonds" in the total sum of $44,478.95, to pay the cost of street improvements within the district which it had duly created. The bonds were issued on July 15, 1921, payable in ten annual installments on the first day of September of the years 1921 to 1930, inclusive, out of a special fund provided to be created by the levy of assessments against the abutting and benefited property within the improvement district.