State College Development Ass'n v. Nissen

PER

The Board of Regents proposes to finance the erection of two dormitories on the campus of the State College of Agriculture and Mechanic Arts by using the net revenues of-the dormitories, the legality of which arrangement is for determination in this proceeding. The State College Development Association, plaintiff herein, was incorporated for the purpose of assisting in erecting and equipping buildings on the campus of said college. The Board proposes to enter' into a contract with the association and with the First National Bank and Trust Company of Sioux Falls, hereinafter called the…