Sanderson v. Salmon River Canal Co., Ltd.

This action was brought by appellant on his own behalf, and on behalf of all others similarly situated, against respondent corporation to enjoin it and its officers and directors from issuing bonds of the corporation and using the proceeds thereof to buy up the water rights from 7,000 acres of land in the Salmon Eiver project, thus improving the water right for the balance of the project; to enjoin it from mortgaging the "entire irrigation system and all water rights of the project to secure payment of such bond issue; and from levying a continuing annual assessment on the stock of the…