KEEFE ET AL.
v.
BLOOMFIELD VILLAGE DRAIN DISTRICT ET AL.; KEEFE ET AL. V. MARTIN DRAIN AND BRANCHES DRAIN DISTRICT ET AL.; KEEFE ET AL. V. CENTER LINE RELIEF DRAIN DISTRICT ET AL.; AND KEEFE ET AL. V. NINE-MILE-HALFWAY DRAIN DISTRICT ET AL.

U.S. | 1941-10-27
Nos. 287 and 288; No. 289; No. 290; No. 291
314 U.S. 709 Supreme Court of the United States (1941) Positive Treatment
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  • Citizens Banking Co. v. Monticello State Bank, 143 F.2d 261 (8th Cir. 1944)
    …ing the trust. Such instruments are, within lawful range, to be so construed as to carry out the intention of the creator of the trust (Rand v. Helvering, 8 Cir., 116 F. 2d 929, 932, certiorari denied 313 U.S. 594, 61 S.Ct. 1120, 85 L.Ed. 1548; Id., 314 U.S. 709, 62 S.Ct. 55, 86 L.Ed. 565). Construing this indenture, we find a trust relation established for the purposes of providing and maintaining a trust fund for the protection of notes issued thereunder; that such notes have no validity until certified a…

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