In re School Fund
Nebraska Supreme Court
This was a matter coming before the court by the following letter: “ Office of the Board of Educational Lands and Funds, Lincoln, Neb., Nov. 13, 1883. “To the Supreme Court of the State of Nebraska: “We, the undersigned members of the board of educational lands and funds, would respectfully represent that a doubt exists in regard to the construction of section 9, article 8, of the constitution, and section 29 of an act entitled, “An act' to provide for the registry, sale,…
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This was a matter coming before the court by the following letter: “ Office of the Board of Educational Lands and Funds, Lincoln, Neb., Nov. 13, 1883. “To the Supreme Court of the State of Nebraska: “We, the undersigned members of the board of educational lands and funds, would respectfully represent that a doubt exists in regard to the construction of section 9, article 8, of the constitution, and section 29 of an act entitled, “An act' to provide for the registry, sale, and general management of school lands and funds,” approved February 24th, a.d. 1883, and if not inconsistent with the…
1Opinion of the Court
*686Opinion op the judges.
To the Honorable the Board of Educational Lands and Funds:
Gentlemen — Deeming an answer to the questions propounded by you in your communication of the 13th instant respecting the investment of permanent school funds of the state not inconsistent with our duties, we submit the following :
To the first question, taking them in the order in which they are put, we answer that you clearly have the authority, under the sections of the constitution and statute to which you refer, to invest those funds in United States three per cent bonds if you deem it advisable to do so. The…
2Cited by2 opinions
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