Lost Creek Coal & Mineral Land Co. v. Scheuer

The appeal is from an order appointing a temporary receiver. Complainants are minority stockholders of defendant corporation, owning a fraction over twenty shares of the five hundred shares of capital stock outstanding. The decree of the chancellor is rested upon the bill, answer, and affidavits submitted by the parties. From these it appears the corporation was organized in 1887 to buy and sell mineral lands for profit and lease the same, and that some profits have been thus realized in the past. From a sale many years agb there arose a breach of warranty suit resulting in a judgment against…