Paxton v. Bacon Mill & Mining Co.
Nevada Supreme Court
Appeal from the District Court of the First Judicial District, Storey County, Hon. Richard Risins presiding. • The facts are stated in the Opinion. When the mining association of Fairfax, Doake & Co. became incorporated for the purpose of more effectually carrying out and executing the original purpose of the association, and the corporation accepted a transfer of all the property of the association, it became liable, primarily, for all its debts.
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Appeal from the District Court of the First Judicial District, Storey County, Hon. Richard Risins presiding. • The facts are stated in the Opinion. When the mining association of Fairfax, Doake & Co. became incorporated for the purpose of more effectually carrying out and executing the original purpose of the association, and the corporation accepted a transfer of all the property of the association, it became liable, primarily, for all its debts. (Angelí & Ames on Corporations, Secs. 169 and 592, and the following authorities cited in note 5 to Sec. 169: Haslett y. Witherspoon, 2 Strob. Eq.…
1Opinion of the Court
Opinion by
Lewis, C. J., Beatty, J., concurring.
Fairfax, Doake & Co., whilst proprietors of the Bacon mining ground, contracted the indebtedness upon which this action is founded, by over-drafts on the bank of the plaintiffs; the money thus obtained being used in the development and working of the *259mine. After this debt was contracted, Fairfax, Doake, and their copartners associated themselves with the proprietors of a certain quartz mill, and incorporated the property of -both associations under the name of the Bacon Mill and Mining Company. By this arrangement the proprietors of the mill…
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