Reconstruction Finance Corpo. v. Schmitt

NORCROSS, District Judge.

This is a suit in equity to enjoin the sale of certain corporate stock in certain corporations and to obtain a declaration of the relative rights of plaintiff and defendant therein. The corporations were organized under the laws of the state of Nevada and are named as follows: Union Canal Ditch Company, Old Channel Ditch Company, Young Ditch Company, and Humboldt Lovelock Irrigation Light & Power Company.

The testimony and evidence submitted establishes the following facts:

On and prior to June 9, 1930, John G. Taylor was the owner of certain irrigated lands in Lovelock…