28 Cal. 603 | Cal. | 1865
By the Court,
The Commissioners appointed under “An Act to fund the floating debt of the City of San Francisco, and to provide for the payment of the same,” passed May 1st, 1851, and the various Acts amendatory and supplementary thereto, are not, in our opinion, officers within the meaning of Article XI, Section seven, of the Constitution. They exercise none of the governmental or police powers of the municipal corporation. They simply stand in the position of trustees between the city and certain designated creditors in relation to a designated class of the indebtedness of the city, to receive certain moneys appropriated by law for the payment of the interest, and to constitute a sinking fund for the ultimate extinction of the debt, and manage and dispose of the same in the mode pre
The order to show cause is discharged, and mandamus denied.