Arps v. State Highway Commission

Opinion:

This action, by reason of its public importance, was begun by plaintiffs in this court to secure an injunction restraining the defendants from issuing or selling state highway treasury anticipation debentures which are authorized by Chapter 95 of the Laws of 1931, generally known as the State Highway Treasury Anticipation Debenture Act, which we shall refer to hereafter as Chapter 95. Upon the filing of the complaint an order to show cause was issued, and upon the return day the defendants filed a motion to quash and also an answer.

1. It is provided in the Act that for the purpose of…