The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-02-17

raArs Hznsors. made an order yesterday
sewnoor esss3lwfrg ire temporary inJune-
- heesssfoFe granted By aiaa A~aszxt tas
= Rs Asaing & Smelling Company TAX
= tse ground s.ssg he Es44 ia jurisdiction
!. ~ matter.
- ease hzs been Oh. hearing IN the
ersed ssatax circuit eouFt since Monday,
- involved tsse rsgfl ~ the Ise ROD corr
,eeY = sell tha II Bos rnires al R1ssiaHa,
e. % tie BEstisa-Ansrtesa Corpora
ssn Limited. ard als0 tas right 0s the LIS
- csrspaay "a sell gFs @nssfer al North
- Ii tins stats, TO the SsrthpSrf Min
= snsasftng Company. Tpe price Of
srsd IL unasE ead % ne g. $50 60 unler
rxaxs uansord'A decision taesx Gales wil
So n< Ssrrsas cut The decision also
aIsss the transfer Of fs4e stock n the
y Rs company. purchased By tns British
American company. 10 D. Transferred On
n poaks Of the company. The suit was
woggAf By J. Barpst Mac I~arau. Of Vie
ara q &. wla8 a.ns s.9<s1 shares 81 the
u Rcs stock. or behalf IS himself and the
sfaes outstanding stockholders of ms La
Nj company. amounting IN al 20 about
E0s saar1
An ta%s+
TIE eaas i ose Of the most important
IA, has ever come az IN tas Northwest,
seetaug as Il does tie mialng interests.
scw % pa1aEn9uBt. The case has now
lxsa carried bsEafe Judge Richardson. Of
the superior eoart. ~ Spokane. ard the
sshs ~aged here since las, Monday wia
b assfe continued. Genefal interest has
h<sn attracted 70 the ease. Able counsel
eSus has bas:a hard fought The pialntiff
vas represented In the circuit court by
strive, Allen. HEghss e MeMiekan and
se.s aeDoual4 and the IL RAJ c5m-
sssy BIZ ~ r Hepburn, one % the inoar
fungus MINING lawyers sa tie country. and
A.A<st Allen. both % Spokane,
ne cause came up for hearing in the
drait court or the motaa % ne cotn-
81 ieant for a temporary injunction. Tais
"a answered - The filing ~ Il demurrer
Il tie Complainant amended bill of COM
sslas The euar1 oyerFa!ed the demurrer.
nd the temporary injunction asked by
azefAren Was granted. In dissoiging tho
ajzartion she court rendered az opinion
Il ssu- lensta.
TIE decision wss given orally. Upon r.
sssst Judge Ha;fcrd furnished the follow
ix outline OF the grounds TOR dlssoitiag
1s Injunction;
AaeI4aren's Objection.
Tie plalntin's object IL TO restrain the
c<ssndsst company from transferring GET
tain sharaa Of It's stock 10 the British
American Corporation. Limited. an alien
corporation for the alleged reason that
sas namseT OF shares which The corpora
slon has purchased Is "a majority Of all
tne stock Of the defendant ard the effect
q TIE transfer Of A majority of It's stock
10 a. aaen niil Ia to make the defendant
an aaas under the provisions of tae thlr-
u.seeena aeetIon of article ~ our state
ssnssifufssn. SO that IL Cannot legally ewn
reA estate In this state. and tbs. sfuelter
prupaffy which it owns al NurthIort mav
y .srfsitej "a tie direct consequence %
saea transfer 81 "a majority ~ SIS stock
4 10 not consider That the transfer ~
the ssfeBtla ITS stock rs an alien VIII
ssspafdsze It's title II real estate which
i new owns. According IL the
Sewing the only real estate ~hjch
has sit aAted wstksn thfs state IL the
saassr property at NoFthpurf that prop
srty y excepted p q progisn in the con
sssstofi. aisd II II Mere not 50. section e
vasn real literally. contains no provision
fsr f'ffsltgre rs penalty ar consequence
q TIE transfer az allegiance ~ an owner
ssose title has once become vested 4
sNfsy siace fe an alien DIRECTLY or In
uhA Tor gu alien, Is declared Ia ps void
" tssfe II fo provision in the constftu-
aaa 81 any statute forfeltsne q title Tor
sfs subsequent to tho xessiug thereof.
Re main object eF The sui Is Ia ire
'wt sAs contamination Of an execator4
esairHct made FOR the sale OF the = ras
Mbs, situated n british g'017fIrsta The
pNrstT contends thar the disposition hy
ne Eeifnaauf ~ its property IS esg.v-.tsfs
= Eae commission of Suicide aad THAI 4
rssIsaEasson may rot dispose of Az Us
Ievnsrty and exttnEuish itsvif before th,.
sssFsniastion r ihe Ported for which II mas
49, sNIAisst Without tba consent ~ ais
Hs ssnekholaerx.
Rights al the Maierits.
soad That a court Of equity may pre-
We shn transfer hy corporation ~ al
e properly a. the sait ~ y minority ~
y seeeshsl-ierS whsTe IL Is apparent thar
: ass ssEstY q che sfockhg.t.seY~. through Ia
$3.50 q foanszseE sfffrers ara aftgrnnftnv
= aehSa*F tire property 81 tshrns.,,Vs. or
~ tfl.'i.is Ter an Inadequate pf.ce as a
.s,.ass has oa righs - insist arbitrarily
- esFpo atlnu shah continue fr af,sra-
- ana tetasf3 Ownership 81 IS PROPERTY
49, e@trS - equity ~il Interfere 10
s ~ssat hafe of RE property 81 a cor
p&sdaa- + wit l5tgutre whg.her tha srsve-
sSNn = faig ASA Aspansero7.fs - me
- haisfsrs ans 'fta from fraud seTart-
- issaftaaNsy the crfacEsfa minority yte
- Tfocsesssrs to make Ne trgtltrv r., this
- t7sgNiiftss neees-e-y far the court
80. ss'sF - safrf ssE' siess sri fhe agfa-
~ = a. tH.si5afiHs - IL fha rights 81
equity as'AS'e
aeros6HE ~ .8ge Sc "a sax MAT .g ok.
ss@tdsy cae'fa>. e, seIi tAs rssiue saz a..
- nees tse aaA there has been
- s&@' 1f.7 h-fas',- American csrpor~
80 azs rfght - eefarca shat ..o,,.~r ',
= nor ibVata 80 rrasd sfs,rsf- avs rns
-----------