OCR Text |
Show High Court Decides in Mining Action According to a decision of the eu-pn eu-pn mo court In the case of the Wi stei D Securities company versus the Silver King Consolidated Mining company, and Simon Splro. with John Tingrce, Charles EL Kaiser and I. K. Eccl. of Ogden, defendant. findings of fact and conclusions of law and Judgment must be vacated and reversed. The higher court also ordered that tho case be dismissed ufcalnst Spiro Tin- dl -cisfon was written by Justlco J. E. Prick, Tho Silver King Consolidated Mining Min-ing company thus wins in the supreme ourt. although It lost In the district court. The findings of the lower court were that H. P. Clark wa-s indebted to th Sliver King Consolidated Mining company in the sum of $50,000. for which he gave four notes and delivered deliv-ered 29,089 shares of capital stock In the company as security. In default of the payment of these notes, the company sold the stock at $1.60 a share. This sale was declared Invalid by the district court but the supreme court reverse this decision, and tho aalo will be declared valid when tho decree of the supreme court is earrled cut by the lower court. |