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Guardian Savings & Trust Co. v. Road Imp. Dist., 267 U.S. 1 (1925)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Guardian Savings & Trust Co. v. Road Imp. Dist., 267 U.S. 1 (1925)
Guardian Savings & Trust Co. v. Road Improvement District No. 7 No. 389 Argued January 8, 1925 Decided January 19, 1925 267 U.S. 1
CERTIORARI TO THE CIRCUIT COURT OF APPEAL
FOR THE EIGHTH CIRCUIT
Syllabus
When state legislation has authorized and confirmed assessments of benefits on lands of a special improvement district and the mortgaging of these taxes as security for bonds to be sold to the public, and has provided in terms for collection of the taxes through a receiver to be appointed by a state court to pay the bonds in case of default, and the bonds are bought by the public upon this assurance, the power thus conferred upon the state court may be exercised by the federal district court, in a suit to foreclose the mortgage in which jurisdiction otherwise exists through diversity of citizenship. P. 6.
298 F. 272 reversed.
Certiorari to a decree of the circuit court of appeals which reversed a decree of the district court and directed that the bill be dismissed. The decree of the district court was made in a suit brought by a trustee for bondholders, alleging diversity of citizenship, against a road improvement district, to foreclose a mortgage covering the assets of the district, including assessments for benefits already made and confirmed against the lands of the district. The decree directed a receiver to collect these taxes to the extent necessary to pay outstanding bonds and coupons.
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Chicago:
U.S. Supreme Court, "Syllabus," Guardian Savings & Trust Co. v. Road Imp. Dist., 267 U.S. 1 (1925) in 267 U.S. 1 267 U.S. 4. Original Sources, accessed August 30, 2025, http://www.originalsources.com/Document.aspx?DocID=41IU4YPSQ65XE7T.
MLA:
U.S. Supreme Court. "Syllabus." Guardian Savings & Trust Co. v. Road Imp. Dist., 267 U.S. 1 (1925), in 267 U.S. 1, page 267 U.S. 4. Original Sources. 30 Aug. 2025. http://www.originalsources.com/Document.aspx?DocID=41IU4YPSQ65XE7T.
Harvard:
U.S. Supreme Court, 'Syllabus' in Guardian Savings & Trust Co. v. Road Imp. Dist., 267 U.S. 1 (1925). cited in 1925, 267 U.S. 1, pp.267 U.S. 4. Original Sources, retrieved 30 August 2025, from http://www.originalsources.com/Document.aspx?DocID=41IU4YPSQ65XE7T.
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