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INDUS. DEV. AUTH. v. LA FRANCE CLEANERS

Record No. 750026.

217 S.E.2d 879 (1975)

INDUSTRIAL DEVELOPMENT AUTHORITY OF the CITY OF RICHMOND, Virginia v. LA FRANCE CLEANERS AND LAUNDRY CORPORATION.

Supreme Court of Virginia.

September 5, 1975.

Attorney(s) appearing for the Case

Albert J. FitzPatrick, Asst. City Atty., Lewis T. Booker, Richmond (C. B. Mattox, Jr., City Atty., John B. Ashton, Hunton, Williams, Gay & Gibson, Richmond, on brief), for plaintiff in error.

Joseph B. Benedetti, Richmond (Tom Dixon Johnston, Minor, Saunders & Benedetti, Richmond, on brief), for defendant in error.

Before I'ANSON, C. J., and CARRICO, HARRISON, COCHRAN, HARMAN and POFF, JJ.

POFF, Justice.

The question before us is whether the trial court erred in sustaining the challenge of La France Cleaners and Laundry Corporation (La France) to an industrial development revenue bond issue and certain interim borrowings authorized by the Industrial Development Authority of the City of Richmond, Virginia (IDA), to finance construction of a laundry facility. The facility, already under construction, is to be leased to and operated by Virginia Hospital...

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