EMPLOYEES' RETIREMENT SYSTEM v. HO

No. 4178.

352 P.2d 861 (1960)

EMPLOYEES' RETIREMENT SYSTEM of the State of Hawaii v. Raymond Y. C. HO, Director of Budget, State of Hawaii.

Supreme Court of Hawaii.

March 25, 1960.


Attorney(s) appearing for the Case

C. Nils Tavares, Michiro Watanabe, Honolulu, for appellant.

Shiro Kashiwa, Atty. Gen., Harold Y. Shintaku, Deputy Atty. Gen. (Henry H. Shigekane and Carlos Ramelb, Deputy Attys. Gen., on the briefs) and George Herrington of Orrick, Dahlquist, Herrington & Sutcliffe, San Francisco, Cal., for respondent.

TSUKIYAMA, C. J., and MARUMOTO, CASSIDY, WIRTZ and LEWIS, JJ.


MARUMOTO, Justice, in which WIRTZ, Justice, joins.

Employees' Retirement System of the State of Hawaii, plaintiff, and Raymond Y. C. Ho, Director of Budget, State of Hawaii, defendant, are parties to a question in difference and have submitted the question to this court on agreed facts under R.L.H.1955, c. 227.

Plaintiff is a public agency, having the powers and privileges of a corporation, and is the holder of $29,000 of general obligation bonds issued by...

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