Goldy v. Gerber

Opinion by

Mr. Justice Hall.

Defendants in error, a group of citizens, to whom we will refer as the applicants, applied for a charter to do business as an industrial bank in Lakewood, under the terms and conditions set forth in C.R.S. ’53, 14-7-1, et seq. (1960 Perm. Supp.).

It has been well stated that:

*182“The banking business, because of its nature and its relation to the fiscal affairs of the people and the revenues of the state, is properly subject to regulation under the police power of the state.” 9 C.J.S. 32, Banks and Banking, §5.

Under the police power, the state may enjoin its citizens…