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BUTTON v. DAY

130 S.E.2d 459 (1963)

204 Va. 270

Robert Y. BUTTON, Attorney General of Virginia v. Sidney C. DAY, Jr., Comptroller of Virginia.

Supreme Court of Appeals of Virginia.

April 22, 1963.

Attorney(s) appearing for the Case

Kenneth C. Patty, Asst. Atty. Gen. (Robert Y. Button, Atty. Gen., R. D. McIlwaine, III, Asst. Atty. Gen., on brief), for petitioner.

M. Wallace Moncure, Jr., Richmond (Moncure & Cabell, Richmond, on brief), for respondent.

Before EGGLESTON, C. J., and SPRATLEY, BUCHANAN, WHITTLE, SNEAD, I'ANSON and CARRICO, JJ.

EGGLESTON, Chief Justice.

This is a proceeding brought under Code, § 8-714, to test the validity of certain amendments to §§ 23-19, as previously amended, and 23-21, 23-22 and 23-26, as enacted by Acts of Assembly of 1962, ch. 373, p. 517. The question presented is whether these latter sections as amended, which authorize certain educational institutions to pledge certain revenues and receipts as security for bonds to be issued by them, violate §...

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