Legal Opinion

United States v. Joliet & Chicago Railroad

Supreme Court of the United States

Decided January 19, 1942No. 151PublishedCited by 132 opinions

1Opinion of the CourtJustice Douglas

By an indenture denominated a “lease,” respondent in 1864 granted, demised and leased to Chicago & Alton Railroad Co. all of its railroad property, real and personal. The “lease” was in perpetuity upon specified terms and conditions. The Chicago & Alton Railroad Co. covenanted and agreed, inter alia, to guarantee and pay quarterly to the holders of the fifteen thousand shares of capital stock of respondent an annual dividend of seven per cent on the par value of the shares; to deposit with a designated depository specified monthly sums to be placed to the credit of the stockholders and to be…

2Cases cited11 opinions

  1. Helvering v. CliffordSupreme Court of the United States · 1940
  2. Lucas v. EarlSupreme Court of the United States · 1930
  3. Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
  4. United States v. Boston & Maine RailroadSupreme Court of the United States · 1929
  5. Raybestos-Manhattan, Inc. v. United StatesSupreme Court of the United States · 1935

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3Cited by132 opinions

  1. Commissioner v. TowerSupreme Court of the United States · 1946
  2. National Carbide Corp. v. CommissionerSupreme Court of the United States · 1949
  3. United States v. BasyeSupreme Court of the United States · 1973
  4. J. E. Davant and Kathryn Davant v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. J. E. Davant and Kathryn DavantCourt of Appeals for the Fifth Circuit · 1966
  5. Ballentine Motor Co., Inc., Ballentine's, and Ballentine Motors, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1963

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