Model Land & Irrigation Co. v. Madsen

The Model Land and Irrigation Company sued out this writ of error to reverse a judgment dismissing its complaint.

The plaintiff is a mutual ditch company, and Ole Mad-sen owns stock in the company. At and prior to Mad-sen’s purchase of his stock from another stockholder, a by-law of the company provided as follows: “Each holder of capital stock shall be entitled to receive from the company’s canal water for domestic purposes and for the irrigation of lands lying under the line of said canal owned or controlled by the said stockholders in the following amount, towit, for each share of capital…