City of Enterprise v. State

The issues presented by this appeal concern primarily the validity of 1933 Session Laws, chapter 433, as amended by 1933 Session Laws,' second special session, chapter 62. To the City of Enterprise, which instituted this proceeding as petitioner, we shall refer as the plaintiff, and to the defendants, which are the State, the State Bond Commission (1935 Oregon Code Supplement, § 68-501), the State Treasurer, and the three individual owners of securities issued by the plaintiff, as the defendants. The State owns bonds issued by the City of Enterprise which are in the custody of its treasurer…