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Separately, the federal government and the Reconstruction Finance Corporation, as creditors of the Iron Mountain Railway, intervened in a case brought by the Missouri Pacific Railroad for additional payment on Iron Mountain bonds. In both cases the district and appeal courts upheld the Gold Clause Resolution and denied additional payment.
A report by the Missouri State Auditor’s Office found that Tracey Carman (then called Tracey Ray), a former city clerk in Center, Missouri, used more than $200,000 in city funds to pay personal ...
Bond coupons that promise to "pay in gold coin" Gold clauses in contracts allow a creditor the option to receive payment in gold or gold equivalent. A gold clause may prove valuable to the creditor in long term contracts, wherein questions may arise as to whether a currency in use at the time the contract was entered into would still have the same value when payment is due.
Case history; Prior: United States v. Samples, 258 F. 479 (W.D. Mo. 1919): Holding; Protection of a State's quasi-sovereign right to regulate the taking of game is an insufficient jurisdictional basis, apart from any pecuniary interest, for a bill by a State to enjoin enforcement of federal regulations over the subject alleged to be unconstitutional.
Kramer v. Union Free School District No. 15, 395 U.S. 621 (1969), was a United States Supreme Court decision in which the Court struck down a longstanding New York State statute requiring that to be eligible to vote in certain school district elections, an individual must either own or rent taxable real property within the school district, be the spouse of a property owner or lessor, or be the ...
McCabe v. Atchison, Topeka & Santa Fe Railway Company, 235 U.S. 151 (1914), was a United States Supreme Court case in which the Court ruled that an Oklahoma law was unconstitutional insofar as it did not provide dining cars and other luxury accommodations for African-American passengers, however the Court also ruled that the litigants were not entitled to equitable relief because they lacked ...
Missouri is a state located in the Midwestern United States. In Missouri, cities are classified into three types: 3rd Class, 4th Class, and those under constitutional charters. A few older cities are incorporated under legislative charters (Carrollton, Chillicothe, LaGrange, Liberty, Miami, Missouri City, and Pleasant Hill) which are no longer ...
Thompson, 403 U.S. 217 (1971), is a United States Supreme Court civil rights case which concerned the interpretation of the Equal Protection Clause of the Fourteenth Amendment. [ 1 ] Background