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SENDAK v. TR. OF IND. UNIV.

No. 969S211.

254 Ind. 390 (1970)

260 N.E.2d 601

THEODORE L. SENDAK, ET AL. v. TRUSTEES OF INDIANA UNIVERSITY

Supreme Court of Indiana.

Filed July 23, 1970.

Attorney(s) appearing for the Case

Theodore L. Sendak, Attorney General, William F. Thompson, Assistant Attorney General, Walter E. Bravard, Jr., Deputy Attorney General, for appellants.

G.R. Redding, Stephen W. Terry, Jr., and, Baker & Daniels, of counsel, of Indianapolis, for appellee.

No petition for rehearing filed.

ARTERBURN, J.

There is only one issue in this case, namely, may the Trustees of Indiana University receive gifts, devises and bequests from private donors and testators and as trustees, hold, invest and reinvest such property in corporate stock? The appellant, the Attorney General of Indiana, contends that the receipt of such corporate stock and the reinvestment of such stocks is violative of Art. 11, § 12 of the Constitution...

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