Betts

California Water Resources Development Finance Committee v. Betts

Good Law
1963 Cal. LEXIS 265·35 Cal. Rptr. 611·60 Cal. 2d 595·387 P.2d 387
Supreme Court of CaliforniaDecember 12, 1963Sac. No. 7497California1,682 words

Opinion

lead Opinion

Gibson, J.

This case concerns the validity of waiver provisions contained in bonds proposed to be issued under the authority of the California Water Resources Development Bond Act (Wat. Code, § 12930 et seq.), hereafter called the Burns-Porter Act, and involves in part the matter decided in Warne v. Harkness, ante, p. 579 [ 35 Cal.Rptr. 601 , 387 P.2d 377 ], namely, the relationship between the Burns-Porter Act and financing provisions of the Central Valley Project Act (Wat. Code, § 11100 et seq.) The California Water Resources Development Finance Committee 1 seeks a writ of mandate to compel the State Treasurer to publish a notice of sale of Burns-Porter Act bonds in the principal amount of $100,000,000 and to prepare and sell the bonds in accordance with the provisions of certain resolutions of the committee. Respondent, although admitting that it is his duty as Treasurer to cause valid bonds to be prepared and sold as directed by the committee, has refused to act in this instance upon the ground that the inclusion of the waiver provisions in the notice and in the bonds is contrary to the authority of the committee under the Burns-Porter Act.

The resolutions adopted by the committee…

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