Oliphant v. Woodburn Coal & Mining Co.
Supreme Court of Iowa
Appeal from Clark Circuit Court. The plaintiff avers tliat tbe defendant is a corporation, incorporated under the laws of Iowa; that he is the owner of twenty-six shares of stock in the corporation; that the defendant has been guilty of bad management, by reason of which the stock has become depreciated in value, and he has thereby sustained damages.
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Appeal from Clark Circuit Court. The plaintiff avers tliat tbe defendant is a corporation, incorporated under the laws of Iowa; that he is the owner of twenty-six shares of stock in the corporation; that the defendant has been guilty of bad management, by reason of which the stock has become depreciated in value, and he has thereby sustained damages. He also avers that he entered into a written contract with the defendant, whereby defendant was to pay him a certain sum of money; that the money called for by the contract has become payable, but remains unpaid. To aid himself in enforcing his…
1Opinion of the CourtAdams, J.
The proper consideration of the questions presented requires a more detailed statement of the facts out of which the controversy has grown. The defendant is a cor*334poration organized for the purpose of mining for coal. In April, 1880, the defendant, having taken a lease of certain land in Clarke county, supposed to contain coal, entered into a written contract with the plaintiff, whereby it employed him to drill a prospect hole at a certain place, and at a certain agreed price per foot. The work was to be prosecuted until coal should be discovered or the plaintiff should be stopped by the…
2Cases cited4 opinions
- Osgood & Moss v. KingSupreme Court of Iowa · 1876
- Mann v. CookeSupreme Court of Connecticut · 1850
- Sturges v. StetsonU.S. Circuit Court for the District of Southern Ohio · 1858
- Fisk v. Chicago, Rock Island & Pacific RailroadNew York Supreme Court · 1868
3Cited by9 opinions
- State Trust Co. v. TurnerSupreme Court of Iowa · 1900
- Kelly v. ClarkMontana Supreme Court · 1898
- Henderson v. TurngrenUtah Supreme Court · 1894
- Averill v. BarberNew York Supreme Court · 1889
- Ray v. HodgeOregon Supreme Court · 1887
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