Ehco Ranch, Inc. v. State Ex Rel. Evans

HUNTLEY, Justice.

Appellants Ehco Ranch and other landholders were successors in interest to parties who had in 1917 and 1919 purchased school endowment lands from the State of Idaho on installment sale contracts (called “land certificates”). The predecessor purchasers had paid on their contracts until the early 1930’s, when conditions caused by the Great Depression forced them to default. The State Board of Land Commissioners (Board) declared the contracts null and void, and purchasers forfeited their interests in the property, though the Legislature authorized the Board to lease the…