615 F. Supp. 709 | S.D. Miss. | 1985
MEMORANDUM OPINION AND ORDER
This cause is before the court on the motion of the defendants, Algernon Blair, Inc. and Johnson Controls, Inc., to confirm an award rendered by arbitrators in their favor in the amount of $145,000.00. The motion requests a ruling that the defendants are entitled to be paid interest at the rate of eight percent (8%) per annum on the amount of the award from its date of entry on October 3, 1984, until January 20, 1985, the date of payment of the principal by the City of Meridian. The defendants rely upon the recent Mississippi Supreme Court decision in Pruett v. City of Rosedale, 421 So.2d 1046 (Miss.1982), partially abolishing the doctrine of sovereign immunity, and Mississippi Code Annotated section 75-17-7 (Supp.1984). This statute provides that “All judgments and decrees founded on any contract shall bear interest at the same rate as the contract evidencing the debt on which the judgment or decree was rendered. All other judgments and decrees shall bear interest at the rate of eight percentum (8%) per annum”.
Prior to the Pruett decision, a municipality was clearly not considered to be liable for the payment of interest on a judgment rendered against it. City of Jackson v.
It is, therefore, ordered that the motion of the defendants is overruled.