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GUARDIAN SAVINGS CO. v. ROAD DIST.

No. 389.

267 U.S. 1 (1925)

45 S.Ct. 201

69 L.Ed. 487

GUARDIAN SAVINGS & TRUST COMPANY, TRUSTEE, v. ROAD IMPROVEMENT DISTRICT NO. 7 OF POINSETT COUNTY, ARKANSAS.

Supreme Court of United States.

Decided January 19, 1925.

Attorney(s) appearing for the Case

Mr. G.B. Rose, with whom Mr. D.H. Cantrell, Mr. J.F. Loughborough and Mr. A.W. Dobyns were on the briefs, for petitioner.

Mr. Henry D. Ashley, with whom Mr. J.F. Gautney was on the brief, for respondent.

MR. JUSTICE HOLMES delivered the opinion of the Court.

This is a bill in equity brought by the petitioner against Road Improvement District No. 7 of Poinsett County, Arkansas. It alleges that the District was organized under acts creating the District and in the second statute confirming the District's assessment of benefits; that after the assessment the District issued its negotiable...

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