Bassett v. Monte Christo G. & S. M. Co.
Nevada Supreme Court
Appeal from the District Court of the Sixth Judicial District, White Pine County. The facts appear in the opinion. I. That part of the judgment which excludes from the decree the amount of indebtedness found due to the individuals constituting the board of directors of the corporation, is erroneous. (Ang. & Ames on Corp., sec. 297; Twin Lick Go. v. Martury, 91 U. S. 587.) II. The corporation was especially authorized to act anywhere in the United States.
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Appeal from the District Court of the Sixth Judicial District, White Pine County. The facts appear in the opinion. I. That part of the judgment which excludes from the decree the amount of indebtedness found due to the individuals constituting the board of directors of the corporation, is erroneous. (Ang. & Ames on Corp., sec. 297; Twin Lick Go. v. Martury, 91 U. S. 587.) II. The corporation was especially authorized to act anywhere in the United States. The board of directors being only agents, can act as such at any place. (Green’s Brice’s Ultra Vires, c. 4, appendix, 676, 677, et seq., and…
1Opinion of the Court
By the Court,
Beatty, C. J.:
It appears, from the statement and record of this case, that the defendant, the Monte Christo Gold and Silver Mining Company, of Nevada, is a corporation chartered by special act of the legislature of Pennsylvania and authorized thereby to hold meetings and transact business at any place in the United States; that in February, 1869, the management of its affairs was vested in a board of thirteen directors, seven of whom met in the city of New York on the third of that month and passed a resolution authorizing the issuance of bonds of the company not exceeding fifty…
2Cases cited2 opinions
- Wood v. GoodfellowCalifornia Supreme Court · 1872
- Wilbur v. HoughCalifornia Supreme Court · 1874
3Cited by5 opinions
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- Laffranchini v. ClarkNevada Supreme Court · 1915
- Hough v. Reserve Gold Mining Co.Nevada Supreme Court · 1934
- Neill Et Ux. v. MikulichNevada Supreme Court · 1937
- Union National Bank v. State National BankSupreme Court of Missouri · 1900