In Re Senate Resolution No. 2

31 P.2d 325, 94 Colo. 101
CourtSupreme Court of Colorado
DecidedMarch 12, 1934
DocketNo. 13,433.
StatusPublished
Cited by20 cases

This text of 31 P.2d 325 (In Re Senate Resolution No. 2) is published on Counsel Stack Legal Research, covering Supreme Court of Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In Re Senate Resolution No. 2, 31 P.2d 325, 94 Colo. 101 (Colo. 1934).

Opinions

THE Senate of the Twenty-Ninth General Assembly, now in its second extraordinary session, by Resolution No. 2, unanimously adopted and duly certified, has, under the authority of the second paragraph of section 3 of article VI of the state Constitution, propounded to this court thirteen questions concerning, directly or indirectly, the constitutionality of House Bill No. 6, already passed by the House of Representatives, transmitted to the Senate, and passed by that body on second reading.

The Governor's call for the present extraordinary session of the General Assembly refers to his call for the former session, recites that the emergency therein mentioned "has become even more serious and aggravated," that it is necessary to enact legislation "to allay the present wide-spread public discontent and social unrest * * * to prevent disaster in this critical emergency" and "to defend the State." Then, as provided by section 9 of article IV of the state Constitution, it enumerates the purposes for which the session is called. These are embodied in 19 paragraphs, the first of which reads: "To provide adequate revenues; to make loans and accept grants from the Federal Government; to provide for the financing, construction, repair and improvement of necessary public highways, public buildings and other public works and to authorize the issuance and sale to the Federal Government of debentures or other obligations of the State in connection therewith, and to do any and all other things which shall be deemed necessary to enable this State to meet its obligation to provide relief for the unemployed, indigent and destitute people of this State by means of direct relief or work relief, or both, and to cooperate with the Federal Government in its unemployment relief and National Industrial Recovery programs, and to repeal all acts or parts of acts inconsistent or in conflict with any laws which shall be enacted to accomplish these purposes." The title of House Bill No. 6 is, "A bill for an act to provide for emergency relief and to provide for employment quickly and to defend the *Page 104 state, by authorizing the issue of highway debentures and the sale thereof to the United States of America, for the purpose of raising money in anticipation of the collection of the excise tax on motor fuels; providing for the redemption of such debentures; repealing chapter 8 of the laws passed at the first extraordinary session of the Twenty-Ninth General Assembly, and all acts and parts of acts in conflict herewith; and declaring an emergency."

The following quotations from the Bill show its general purpose and present so much of its body as is necessary to the present consideration:

"Section 1. A critical emergency, arising out of the present economic depression, which has caused widespread unemployment and consequent indigence and dependence on the part of a large portion of the people of the State of Colorado, and has made hopelessly inadequate federal, state and local relief funds, and has caused distress and hunger in such a degree that the public peace, order, tranquillity and safety are seriously affected and endangered and the processes of orderly government itself imperiled, is hereby declared to exist.

"Therefore it is hereby declared to be the policy and purpose of the General Assembly to allay the present wide-spread public discontent and social unrest, to relieve the needy and destitute citizens of this State from want and privation by making provision for work relief in the form of highway construction, repairs and improvements as authorized by this Act, and thus to protect and defend the State.

"Section 2. As a means of carrying out the purposes of Section 1 hereof and to enable this state to avail itself of the provisions of the Act of Congress approved June 16, 1933, known as The National Industrial Recovery Act, or other acts of Congress, and to effectuate the purposes of this Act, the Governor of the State of Colorado is hereby authorized until January 1, 1935, (1) to construct, finance, or aid in the construction and financing of, public highways; (2) to enter into agreements *Page 105 with the United States under such terms and conditions as may be prescribed in accordance with The National Industrial Recovery Act, or other acts of Congress, to borrow money in the aggregate amount of not more than Ten Million Dollars ($10,000,000.00), in the manner and for the purpose herein prescribed, and to accept grants from the United States in the manner prescribed by such acts of Congress in partial payment of the money so borrowed; (3) to execute and deliver such instruments of writing, evidencing such loans and grants, as may be required by such acts of Congress, and in the manner provided for by this Act; and (4) to repay such loans and the agreed interest thereon according to the terms and conditions of the instruments evidencing the same.

"Said loans shall be negotiated by the issuance and sale to the United States of America of highway debentures of the State of Colorado in such serial form, in such amounts, not exceeding in the aggregate Ten Million Dollars ($10,000,000.00), payable semi-annually at such times not exceeding twenty years after date, and bearing such interest, not exceeding four per centum per annum, payable semi-annually, all as the Governor of the State of Colorado may determine. No such debentures shall be issued after December 31, 1934. Said debentures shall be payable to bearer * * *. Immediately upon the registration of said debentures by the Auditor of State, he shall deliver the same to the State Treasurer and charge the amount of the purchase price thereof to said State Treasurer as money received by the State Treasurer in the State Highway Fund of the State of Colorado * * *.

"Section 3. There is hereby created in the office of the State Treasurer a fund to be known as the `State Highway Debenture Redemption Fund'; for the purpose of paying the principal of and the interest to accrue upon the debentures issued under the provisions of this Act.

"Beginning six months in advance of each interest payment date, as fixed by each debenture issued *Page 106 pursuant to the terms of this Act, moneys accruing in the treasury of the State of Colorado and credited to the State Highway Fund from the excise tax levied on motor fuels for state highway purposes under the provisions of `An Act Relating to an Excise Tax on Motor Fuel, and to provide for the disposition of the funds derived therefrom and to repeal Chapter 126 of the Session Laws of Colorado, 1931, and all acts and parts of acts inconsistent or in conflict herewith,' approved April 8, 1933, the same being Chapter 140 of the Session Laws of Colorado, 1933, shall each month be placed in said State Highway Debenture Redemption Fund, equal in amount to one-sixth of such interest payment, until there is sufficient money, but not more, accumulated in said fund to pay such installment of interest on such debenture; * * *.

"Section 4. The amount of money accruing in the treasury of the State of Colorado from said excise tax on motor fuels, as provided in Section 3 of this Act, and equaling the amount of debentures which may be issued and outstanding, with interest thereon, and as collected and accumulated in said State Highway Fund in the manner in said Section 3 provided, is hereby appropriated to, set apart for and shall be paid into and transferred to said State Highway Debenture Redemption Fund, and all moneys accruing or to accrue in the manner set out in this Act for said fund, are appropriated exclusively to and for the payment of said debentures and the interest thereon.

"Section 5.

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Bluebook (online)
31 P.2d 325, 94 Colo. 101, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-senate-resolution-no-2-colo-1934.