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Inland Waterways Corp. v. Young, 309 U.S. 517 (1940)
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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.
Inland Waterways Corp. v. Young, 309 U.S. 517 (1940)
Inland Waterways Corp. v. Young No. 6 Argued October 11, 1939 Decided March 25, 1940 309 U.S. 517
CERTIORARI TO THE COURT OF APPEALS
FOR THE DISTRICT OF COLUMBIA
Syllabus
A national bank may pledge assets to secure deposits of government funds made by governmental agencies even though the deposits may not be "public money" within § 45 of the National Bank Act. P. 523.
The power is to be implied in accordance with traditional government policy and is supported by administrative practice.
69 App.D.C. 268; 100 F.2d 678, reversed.
Certiorari, 306 U.S. 626, to review the affirmance of judgments recovered by the receiver of a national bank against certain public agencies and officials.
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Chicago:
U.S. Supreme Court, "Syllabus," Inland Waterways Corp. v. Young, 309 U.S. 517 (1940) in 309 U.S. 517 309 U.S. 518. Original Sources, accessed August 30, 2025, http://www.originalsources.com/Document.aspx?DocID=SQK22K4TE49CC39.
MLA:
U.S. Supreme Court. "Syllabus." Inland Waterways Corp. v. Young, 309 U.S. 517 (1940), in 309 U.S. 517, page 309 U.S. 518. Original Sources. 30 Aug. 2025. http://www.originalsources.com/Document.aspx?DocID=SQK22K4TE49CC39.
Harvard:
U.S. Supreme Court, 'Syllabus' in Inland Waterways Corp. v. Young, 309 U.S. 517 (1940). cited in 1940, 309 U.S. 517, pp.309 U.S. 518. Original Sources, retrieved 30 August 2025, from http://www.originalsources.com/Document.aspx?DocID=SQK22K4TE49CC39.
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