State Ex Rel. Diederichs v. State Highway Commission

Opinion:

In this proceeding the relator seeks an injunction restraining the State Highway Commission, the Governor, Secretary of State and State Treasurer from issuing or selling any of the debentures provided for in Chapter 1 of the 1931 Session Laws, which is called the ‘ ‘ State Highway Treasury Anticipation Act of 1931.”

For the purpose of matching funds set apart by the government in order to build Federal Aid Highways, the Act authorizes the sale of debentures, to be paid from motor fuels’ excise taxes, the collection of which is anticipated. It is already provided by statute that all…