State Ex Rel. Northwestern Bond & Mortgage Corp. v. Hinkle

Delator seeks by this action a writ of mandamus compelling the secretary of state to accept and file its application and issue to it a permit for the sale of its so-called “income bonds,” under chapter 69, Laws of 1923, p. 207 [Dem. 1923 Sup., §5853-1], known as the “Securities Act.”

Despondent justifies his refusal to accept and file the application and issue the permit upon the ground that relator’s application and articles of incorporation show it to be organized for, and that it is actually proposing to do business as, an industrial loan company, without having complied with chapter 172,…