Bankers Trust Co. v. Texas & Pacific Railway Co.
Supreme Court of the United States
APPEAL PROM THE DISTRICT COURT OP THE UNITED STATES POR THE NORTHERN DISTRICT OP TEXAS. The facts, which involve the jurisdiction of the District Court of a suit against a corporation incorporated by a statute of the United States, are stated in the opinion. Jurisdiction to hear and determine such suits as this against the Texas and Pacific Railway Company was expressly vested in the appropriate Federal courts by the act of Congress incorporating said company.
Read the full summary
APPEAL PROM THE DISTRICT COURT OP THE UNITED STATES POR THE NORTHERN DISTRICT OP TEXAS. The facts, which involve the jurisdiction of the District Court of a suit against a corporation incorporated by a statute of the United States, are stated in the opinion. Jurisdiction to hear and determine such suits as this against the Texas and Pacific Railway Company was expressly vested in the appropriate Federal courts by the act of Congress incorporating said company. Act of March 3, 1871, c. 122, § 1, 16 Stat. 573; Act of May 2, 1872, c. 132, § 1, 17 Stat. 59; Smith v. Un. Pac. R. R,, 2 Dillon, 278;…
1Opinion of the CourtJustice Van Devanter
This is a suit to foreclose a railroad mortgage and for other incidental relief. It was brought in the District Court for the Northern District of Texas December 27, 1915, was dismissed by that court for want of jurisdiction and is here upon a direct appeal under § 238 of the Judicial Code.
The bill alleges that the plaintiff, the trustee under the mortgage, is a New York corporation and “a citizen of said State”; that the Texas and Pacific Railway Company, one of the defendants, is a corporation created and existing under the laws of the United States, has its principal place of business and…
2Cases cited14 opinions
- Osborn v. Bank of United StatesSupreme Court of the United States · 1824
- Tennessee v. Union & Planters' BankSupreme Court of the United States · 1894
- Texas & Pacific Railway Co. v. CoxSupreme Court of the United States · 1892
- Shoshone Mining Co. v. RutterSupreme Court of the United States · 1900
- Texas & Pacific Railway Co. v. SwearingenSupreme Court of the United States · 1904
9 more not listed; retrieve them via the Exa API.
3Cited by85 opinions
- Hukic v. Aurora Loan ServicesCourt of Appeals for the Seventh Circuit · 2009
- Lightfoot v. Cendant Mortg. Corp.Supreme Court of the United States · 2017
- American National Red Cross v. S. G.Supreme Court of the United States · 1992
- American Bank & Trust Co. v. Federal Reserve Bank of AtlantaSupreme Court of the United States · 1921
- A.I. Trade Finance, Inc. v. Petra International Banking CorporationCourt of Appeals for the D.C. Circuit · 1995
80 more not listed; retrieve them via the Exa API.