Carruthers v. Port of Astoria

(Pro Tempore).

This case tests the validity of action of the Port of Astoria, a municipal corporation, to effect the sale of $142,000,000 ① in revenue bonds to finance building, within the area of the port district, wharves, conveyors and plant to be used generally in reducing aluminum ore to aluminum. The state statutes authorizing such action also are tested in this proceeding. The facilities would be constructed to specifications of Northwest Aluminum Company, a Delaware corporation, which has committed itself to lease and operate the entire plant for a period of 25 years, with an option to…