MARION v. SNEEDEN

No. 400.

291 U.S. 262 (1934)

54 S.Ct. 421

78 L.Ed. 787

CITY OF MARION v. SNEEDEN, RECEIVER, ET AL.

Supreme Court of United States.

Decided February 5, 1934.


Attorney(s) appearing for the Case

Messrs. Richard Mayer and Henry F. Driemeyer, with whom Messrs. Carl Meyer, David F. Rosenthal, C.E. Pope, and R.T. Cook were on the brief, for petitioner. Mr. William Cattron Rigby also participated in the oral argument in behalf of petitioner.

Messrs. Hosea V. Ferrell and John Hay, with whom Mr. Charles C. Murrah was on the brief, for respondents.


MR. JUSTICE BRANDEIS delivered the opinion of the Court.

The Act of June 25, 1930, c. 604, 46 Stat. 809, amends § 45 of the National Bank Act of 18641 by adding thereto the following:

"Any association may, upon the deposit with it of public money of a State or any political subdivision thereof, give security for the safe-keeping and prompt payment of the money so deposited, of the same kind as is authorized by the law of the...

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