Show IDAHO MINI MINING NG DECISION assessments cannot be levied on n stocks stamped non assessable boise ida the supreme court of the state in an opinion handed down on monday held that the provision of the constitution which provides that dues of any private corporation shall be secured by such means as shall be prescribed by law but in no case shall any stockholder be bally liable in any amount over and above the amount of stock owned by him to limit the personal liability of the stockholder but in no way to limit the power of the corporation to make assessments upon stock fully paid up and to subject such stock to sale in default Ie fault of the payment of such assess ments where stock is stamped non assessable the court states assess ments cannot be levied the opinion was as in the case of thomas wall vs the basin mining company limited and others litigation in which mining men of north idaho have been greatly interested the suit was instituted by wall in the shoshone county district court to establish the plaintiffs right as a shareholder in the corporation to some 20 shares of stock belonging to him which had been sold in default of an an assessment of 1 mills per share |