Federal Intermediate Credit Bank of Columbia v. Mitchell, 277 U.S. 213 (1928)

U.S. Supreme Court, (May 14, 1928)

Docket number: 456

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Permanent Link: http://supreme.vlex.com/vid/intermediate-credit-columbia-mitchell-20026087
Id. vLex: VLEX-20026087

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Text:

U.S. Supreme Court FEDERAL INTERMEDIATE CREDIT BANK OF COLUMBIA, S.C., v. MITCHELL, 277 U.S. 213 (1928)

[Page 277 U.S. 213, 217]

The state citizenship granted by section 201(c) governs the places where suit may be brought against such banks. Section 51, Judicial Code, U.S.C. tit. 28, 112 (28 USCA 112). Cf. Shaw v. Quincy Mining Co., 145 U.S. 444, 12 S. Ct. 935; In re Keasbey & Mattison Co., 160 U.S. 221, 229, 16 S. Ct. 273; Matter of Dunn, 212 U.S. 374, 388, 29 S. Ct. 299. But it is in no wise inconsistent with the general rule that District Courts have jurisdiction of suits brought by or against corporations organized under an act of Congress on the ground that they are controversies arising under federal law. It is firmly established that, in the absence of enactments plainly expressing that purpose, Congress will not be held to have intended to restrict that jurisdiction. Herrmann v. Edwards, supra, 118 (35 S. Ct. 839); Bankers' Trust Co. v. Texas & Pacific Ry., supra, 303 (36 S. Ct. 569). That Congress is accustomed to use direct and unmistakable language to effect such important changes in the law is well illustrated by the acts of 1882 and 1887; by section 5 of the Act of January 28, 1915, c. 22, 38 Stat. 803, 804 (Comp. St. 1233a), providing that no court of the United States shall have jurisdiction of any suit by or against any railroad company upon the ground that such company was incorporated under an act of Congress, and by section 12 of the Act of February 13, 1925. The government owns all the capital stock of petitioner and suits by or against it are plainly within the reasons which prompted the enactment of the proviso in section 12. There is no warrant for an inference that by section 201(c) Congress intended to take suits by or against Federal Intermediate Credit Banks out of the general rule.

Judgment reversed.