State v. Herbert

This astonishing decision .of-the majority compels me to stoutly dissent for the following reasons:

I

The state of Ohio brought this action against John D.’ Herbert, former Treasurer of State, Robert F. Gardner, former deputy Treasurer of State, and six sureties to recover interim funds of the state which had been invested in commercial paper notes, pursuant to R. C. 135.14. The' claim of the state is based upon the investment of $7,950,000 in two commercial paper notes of King Resources Company in April and May of 1970, and upon the failure of. King Resources to pay the notes when they matured…