Fed. Sec. L. Rep. P 98,033 James L. Shores, Jr., as of the Estate of Clarence E. Bishop, Jr., Etc. v. Jerald H. Sklar

U.S. Court of Appeals, Fifth Circuit · Decided 1981-05-26

Cited by 187 later decision(s) in our corpus · see the citation network in Lexace

From the opinion

CHARLES CLARK, Circuit Judge: Clarence E. Bishop, Jr., was one of a number of purchasers of First Mortgage Revenue Bonds of the Industrial Development Board of Frisco City, Alabama [“Bonds”]. The lessee of the industrial business premises, the sole source of the income necessary to amortize the revenue Bonds, almost immediately def…

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