Pitcher v. Lone Pine-Surprise Consolidated Mining Co.
Washington Supreme Court
Appeal from a judgment' of the superior court for Spokane county, Kennan,'J., entered September'30, 1904, upon findings in favor of the 'defendants, after a trial on the merits before the court without' a jury, dismissing an action ■brought by a stockholder to set aside a corporate sale of mining property.
1Opinion of the CourtHoot, J.
The Lone Pine-Surprise Consolidated Mining Company, which we shall refer to hereinafter as the Lone Pine company, owed $25,000 to a certain bank. The latter declining to further carry said indebtedness, an arrangement was made by which three of the trustees and stockholders advanced $22,500, and a mortgage was made by the company on their mining claims to a third party, to protect said trustees. Work was done, and additional obligations incurred and partly paid, until, on October 3, 1903, the indebtedness amounted to $28,070.
At this time the trustees made arrangements with the Pearl…
2Cases cited2 opinions
- Kent v. . Quicksilver Mining Co.New York Court of Appeals · 1879
- Kirwin v. Washington Match Co.Washington Supreme Court · 1905
3Cited by20 opinions
- Hunter v. First National BankIndiana Supreme Court · 1909
- Moore v. Los Lugos Gold MinesWashington Supreme Court · 1933
- Butler v. New Keystone Copper CompanyCourt of Chancery of Delaware · 1915
- Sayre v. LeonardSupreme Court of Colorado · 1914
- First Bank of Cordova v. TjosevigWashington Supreme Court · 1926
15 more not listed; retrieve them via the Exa API.