UNITED STATES SUPREME COURT DECISIONS ON-LINE

MINING COMPANY V. ANGLO-CALIFORNIAN BANK, 104 U. S. 192 (1881)

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U.S. Supreme Court

Mining Company v. Anglo-Californian Bank, 104 U.S. 192 (1881)

Mining Company v. Anglo-Californian Bank

104 U.S. 192

ERROR TO THE CIRCUIT COURT OF THE UNITED

STATES FOR THE DISTRICT OF CALIFORNIA

Syllabus

1. The laws of California under which a mining company was organized empower it "to enter into any obligations or contracts essential to the transaction of its ordinary affairs, or for the purposes for which it was created," and make it the duty of its board of directors to exert its corporate powers and to conduct and control its business and property.

Held:


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