J. H. McNeal v. City of Waco.

Summary

The Texas Supreme Court held that under Article XI of the Texas Constitution the term “debt” means any pecuniary obligation imposed by contract unless it is contemplated to be paid from current revenues or an existing fund, and that the plaintiff’s petition failed to allege compliance with the constitutional tax‑and‑sinking‑fund provision or fit within the ordinary‑expense exception, so the general demurrer should have been sustained and the judgment reversed.