Legal Opinion

Ashton v. Cameron County Water Improvement District No. One

Supreme Court of the United States

Decided May 25, 1936No. 1PublishedCited by 10 opinions

1Opinion of the CourtJustice McReynolds

Respondent, a water improvement, district embracing 43,000 acres in Cameron County, Texas, was organized in 1914 under the laws of that State. Claiming to be insolvent and unable to meet its debts as they matured, it presented to the United States District Court, December 5, 1934, an Amended Petition with plan for adjusting its obligations—$800,000 six percent bonds. This proposed final settlement of these obligations through payment of 49.8 cents on.the dollar out of funds to be borrowed from the Reconstruction Finance Corporation at four percent.

The petition follows and seeks relief under…

2Cases cited18 opinions

  1. M'culloch v. State of MarylandSupreme Court of the United States · 1819
  2. United States v. ButlerSupreme Court of the United States · 1936
  3. Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935
  4. Bank of Columbia v. OkelySupreme Court of the United States · 1819
  5. Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895

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3Cited by10 opinions

  1. Marvine Markham v. City of Newport News, a Municipal CorporationCourt of Appeals for the Fourth Circuit · 1961
  2. Guaranty Petroleum Corp. v. ArmstrongTexas Supreme Court · 1980
  3. West Coast Life Ins. Co. v. Merced Irr. Dist.Court of Appeals for the Ninth Circuit · 1940
  4. In Re County of OrangeUnited States Bankruptcy Court, C.D. California · 1995
  5. Security Pacific Finance Corp. v. Barto (In Re Barto)United States Bankruptcy Court, E.D. Virginia · 1981

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