Provident Land Corp. v. Bartlett

Provident Irrigation District, a corporation, heretofore issued and there were outstanding a large number of its bonds. The corporation became embarrassed financially. The plaintiff, another corporation, Provident Land Corporation, hereinafter called the Provident, was formed for the purpose of acquiring said bonds and protecting the rights of the holders thereof. George H. MeKaig, W. G. Aldenhagen, and E. 0. Kaufmann were the directors of the Provident. George H. MeKaig, Fred G. Stevenot, and E. 0. Kaufmann were the members of and constituted the Bondholders’ Protective Committee of the…