Matthews v. Bailey, Governor

Act 130, approved February 24,1937, authorized the refunding of Arkansas state highway bonds aggregating $140,537,253.20. There 'were amendatory and supplemental acts affecting the original purposes expressed in act 130, pertinent parts of which are referred to in Roy Matthews v. Carl E. Bailey, Governor, et als., ante p. 703, 130 S. W. 2d 1006.

In the opinion in the Matthews Case it was held that until the General Assembly should act, there was no power in the governor and the state board of finance (a) to issue non-calla-ble bonds; (b) to give a pledge on highway’ revenues prior, to highway…