Erwin v. Gage Canal Co.

STONE, J. †

This action by four shareholders of defend ant corporation is the outgrowth of a prior action by the City of Riverside in eminent domain to condemn the assets of the defendant herein, a mutual water company. Defendant appeared in that action and by its answer alleged ownership of the water rights, diversion works, canals, pumping plants and other property used to deliver water to the company’s shareholders. Thereafter the directors of defendant and a shareholders’ committee worked out a proposed agreement to be used as the basis for a judgment in condemnation and thus obviate a…