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STATE EX REL. GRAHAM v. OLYMPIA

No. 41975.

80 Wn.2d 672 (1972)

497 P.2d 924

THE STATE OF WASHINGTON, on the Relation of Robert V. Graham, Appellant, v. THE CITY OF OLYMPIA et al., Respondents.

The Supreme Court of Washington, En Banc.

June 1, 1972.

Attorney(s) appearing for the Case

Slade Gorton, Attorney General, and Robert F. Hauth, Assistant, for appellant.

Slade Gorton, Attorney General, and Philip H. Austin, Deputy (appearing under authority of RCW 7.24.110).

Gordon, Thomas, Honeywell, Malanca, Peterson, O'Hern & Johnson, by James A. Furber, for respondent Thurston County Federal Savings and Loan Association.

Davis, Wright, Todd, Riese & Jones, by Richard A. Derham, and Graham, McCord, Dunn, Moen, Johnston & Rosenquist, by Charles L. Sayre, for respondents Seattle-First National Bank et al.

Ashley, Foster, Pepper & Riviera, by Louis H. Pepper, for Washington Mutual Savings Bank.

HUNTER, J.

This is a declaratory judgment action brought by the plaintiff (appellant), Robert V. Graham, State Auditor, to test the constitutionality of certain statutes which authorize the deposit of public funds, in this case by a municipal corporation, in interest-bearing time deposits with banks, mutual savings banks, and savings and loan associations, and seeking injunctive relief.1

There is no controversy as to the facts...

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