Sweeney v. Heap O'Brien Mining Co.

This shit is founded on a promissory note. The first defendant, which we will designate as the O’Brien or old company, an Arizona corporation, is the maker. There is no question as to the plaintiff’s right to a judgment against it. It is insolvent, however, having spent its capital stock in a mining venture on a tract of land which it leased from plaintiff in Oklahoma. Later it purchased this land subject to plaintiff’s first lease. After mining for a year or more this company found itself with nothing but a mining plant located on nonproductive land. This mining plant was mortgaged to…