Paine v. Saulsbury

In pursuance of a resolution adopted by the directors of Trimountain Mining Company, they filed their petition in the Houghton circuit court, on October 25, 1916, praying for an order dissolving said corporation. The resolution is as follows:

"Whereas, the average annual net earnings of this company for the 14 years next preceding the present year have been only $2.22 for each share, without making any deduction for depletion of the mineral deposits in its mine;

"And, Whereas, the Copper Range Company, operating mines adjoining that of this company, is the holder of more than 99/100 of the…