(DOWNLOAD) "Pensioners Protective Association v. Davis" by Colorado Supreme Court * eBook PDF Kindle ePub Free
eBook details
- Title: Pensioners Protective Association v. Davis
- Author : Colorado Supreme Court
- Release Date : January 19, 1944
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
The reported case above mentioned contains a statement of the situation in ample detail, a sufficient summary of which is that the State Board of Public Welfare -- the personnel of which were made parties -- administering the old age pension fund, finding that the percentage of the fund set apart to cover the expense of such administration, produced a sum in excess of the requirements in that regard, instead of permitting the resulting surplus to remain in the pension fund in the direct interest of the pensioners, and, acting pursuant to statutory enactment, transferred such surplus to the emergency and contingent fund. The sum of our holding in the matter, was that the transfer was violative of the Constitution, hence void.
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