State v. Watts

OPINION OF THE COURT

BICKLEY, C. J.

Suit by the state, by John J. Kenney, district attorney, First District, against Emerson Watts, as state treasurer, to compel the treasurer to discontinue the present investment of permanent school funds in United States bonds and treasury notes, and to enjoin the treasurer from investing permanent school funds in state highway debentures, and reselling the same to bond firms or others interested in the purchase thereof. Judgment for the state as to the government bonds and treasury notes, and for the state treasurer as to the purchase and sale of highway…