Pewabic Mining Co. v. Mason
Supreme Court of the United States
APPEALS EROM THE CIRCUIT COURT OE THE UNITED STATES EOR THE WESTERN DISTRICT OE MICHIGAN. The court stated the case as follows : These cases spring out of the same litigation and may be considered together.
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APPEALS EROM THE CIRCUIT COURT OE THE UNITED STATES EOR THE WESTERN DISTRICT OE MICHIGAN. The court stated the case as follows : These cases spring out of the same litigation and may be considered together. The preliminary facts are these: On April 4,-1853, the Pewabic Mining Company was organized as a corporation for mining copper, under the laws of the .State of Michigan. ' The • term of the corporation was for thirty years, and expired April 4, 1883. The capital stock at that time consisted of'40,000 shares, of $25 each. Notwithstanding the termination of the life of the corporation, the…
1Opinion of the CourtJustice Beewee
The question in this case is whether the master’s sale shall stand. It may be stated generally that there is a measure of discretion in a court of equity, both as to the manner and conditions of such a sale, as well as to ordering or refusing a resale. The chancellor will always make such provisions' for notice and other conditions as will in his judgment best protect the rights of all interested, and make the sale most profitable to all; and after a sale has once been made, he will, certainly before confirmation, see that no wrong has been accomplished in and by the manner in which it was…
2Cases cited8 opinions
- Graffam v. BurgessSupreme Court of the United States · 1886
- Story v. LivingstonSupreme Court of the United States · 1839
- Blossom v. Railroad Co.Supreme Court of the United States · 1866
- McMicken v. PerinSupreme Court of the United States · 1856
- Allen v. GilletteSupreme Court of the United States · 1888
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3Cited by109 opinions
- Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935
- Gelfert v. National City Bank of NYSupreme Court of the United States · 1941
- Insurance Group Committee v. Denver & Rio Grande Western RailroadSupreme Court of the United States · 1947
- Morrison v. BurnetteCourt of Appeals for the Eighth Circuit · 1907
- Ballentyne v. SmithSupreme Court of the United States · 1907
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