Bank of Sonoma Cty. v. Hiram T. FairBanks

Citations

• 52 Cal. 196

Syllabus

<p>Power of Legislature over Cities.—The Legislature may, by an act, authorize the authorities of a city to purchase an agricultural park, and to issue its bonds in payment therefor, and to levy a tax for the payment of the same.</p> <p>«Corporations for Banking Purposes.—A corporation may be formed for the purpose of receiving deposits and loaning money, and if it does not issue paper to circulate as money it is not a bank within the meaning of sec. 34, art. 4 of the Constitution, although it is called a bank.</p>