Ireton v. Idaho Irrigation Co.
Idaho Supreme Court
APPEAL from the District Court of tbe Fourth Judicial District, for Gooding County. Hon. James R. Bothwell, Judge. Action to foreclose real estate mortgage. Judgment for plaintiffs. Carey Act operating companies are mutual irrigation companies, and each share of stock represents the interest that the holder thereof has in such corporation. (Hobbs if.
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APPEAL from the District Court of tbe Fourth Judicial District, for Gooding County. Hon. James R. Bothwell, Judge. Action to foreclose real estate mortgage. Judgment for plaintiffs. Carey Act operating companies are mutual irrigation companies, and each share of stock represents the interest that the holder thereof has in such corporation. (Hobbs if. Twin Falls Canal Co., 24 Ida. 380, 133 Pac. 899.) Certificates of stock are simply the muniments and evidence of the holder’s title to a given share in the property and franchises- of the corporation of which he is a member. (4 Thompson on Corp.,…
1Opinion of the CourtMorgan, J.
—On December 21,1911, Robert Lansdon and his wife executed and delivered their promissory note for $2,000 to Boise Title & Trust Company, and, on the same day, to secure the payment thereof, executed and delivered to that company a mortgage upon 160 acres of land in Gooding county, together with any and all water rights owned by the mortgagors or belonging to or connected with the premises. The mortgage was duly recorded on January 8, 1912, and on March 13th of that year, and prior to the maturity of the note, was sold, and assigned, together with the indebtedness thereby secured, to…
2Cases cited8 opinions
- Hall v. BlackmanIdaho Supreme Court · 1902
- Taylor v. HulettIdaho Supreme Court · 1908
- Estate of Thomas v. BryantCalifornia Supreme Court · 1905
- Watson v. MoldenIdaho Supreme Court · 1905
- State ex rel. Peterson v. DunlapIdaho Supreme Court · 1916
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3Cited by17 opinions
- Big Wood Canal Co. v. ChapmanIdaho Supreme Court · 1927
- Yellowstone Valley Co. v. Associated Mortgage Investors, Inc.Montana Supreme Court · 1930
- Andrews v. North Side Canal Co.Idaho Supreme Court · 1932
- Billings Ditch Co. v. Industrial CommissionSupreme Court of Colorado · 1953
- In Re Johnson's EstateUtah Supreme Court · 1924
12 more not listed; retrieve them via the Exa API.