State ex rel. Mills v. Dixon

In 1920 the people passed initiative measure No. 19, designed to provide for the construction, repair and equipment of buildings at the state educational institutions, and empowering the-state board of examiners to issue bonds in the name of the state in an amount not exceeding $5,000,000 for such purposes. These are called “Educational Bonds of the State of Montana.” Section 2 of the measure provides that the bonds shall be issued in series from time to time, and at such times and in such amounts as may appear to the state board of examiners necessary for the erection, repair and equipment…