Pioneer Motors, Inc. v. State Highway Commission

In this original proceeding plaintiffs attack the validity of the “State Highway Treasury Anticipation Debenture Act of 1945, ’ ’ Chapter 39, Laws of 1945, approved hy the Governor on February 15, 1945, and hy a majority of the electors voting upon it as Referendum Measure No. 49 at a special election provided by Chapter 149, Laws of 1945, to be held on June 5, 1945.

■ Section 2 of Chapter 39 authorizes the issuance of “a series of loans for the use and benefit of, and in the name of, the State of Montana, in the aggregate principal sum” of twelve million dollars “for the purpose of…