Las Vegas age. [volume] (Las Vegas, Nev.) 1905-1947, 1927-04-23
VEGAS RESIDENTS
MADE DEFENDANTS
National Land Insurance
Company and Treasurer
Of State Named in Suit
{ Reno Evening Gazette)

filed in the United States court
here by Charles r. Detrick, as in
surance commissioner of Cal
fornia, and Gertrude F. Wilson
and Emma X. Walker, against Ed
Malley as state treasurer of Ne
vada and the National Land In
surance Company, together with
numerous residents of Las Vegas
as additional defendants, to Sc
cure possession of certain securi-
tics owned by the land company
and now held by Ed Malley.
The complaint alleges that the
National Land Insurance Com
pany was organized under the
laws of Nevada on January %,
1925, for the purpose of Issuing
policies upon land titles; that
the company to qualify for such
business in the state of Nevada
deposited certain notes, secured
by mortgages with a face value
of $205,0O0, upon property located
in Clark county with Mr.. MaLey
as state treasurer as provided by
law; that after qualifying in the
State
cured a certificate to do business
in the state of California from
Commissioner Detrick, the Cali
fornia commissioner claiming he
based the issuance of his certi-
ficates to do business there upon
the fact that the company was
authorized under the Nevada laws
and had made a deposit of Sc
curities with the state treasurer
of Nevada.
The company opened and main
tanned offices in the state of Cali
fcrnia, it is alleged, and did a
large amount of business there
and at the present time it's obliga-
tions in California amount to over
$25, 900, but it has now creased to
do business in the state of Cali
fornia and it and the other de-
PENDANTS expect to take steps to
withdraw the securities now on
deposit with State Treasurer NAL
ley and cancel the same thereby
defeating the obligations incurred
in the state of California.
Gertrude f. Wilson, and Emma
X. Walker are among the Cali
fornia people who did business
with the company and they and
Insurance Commissioner DERRICK
request that the defendants be
restrained from distributing or
cancelling the securities until all
the obligations of the company
are paid and discharged.
The securities filed with Mr.
Malley by the company and re-
ferred to in the complaint are
enumerated as follows:
Note for $4,000 of Frank E.
and Martha B. Matzdorf, secured
by trust deed ON Las Vegas prop
erty; note for $4,000 of Floy A.
and Eva A. Gibson secured by
trust deeds on lands in Clark
county; note for $4,000, of E. E.
Smith, secured by trust deed fo"
property in Las Vegas; notes for
ST., 200 of S. R. and Gertrude
Whitehead secured by trust deed
to property in Clark county; note
for $4,000 of Charles G. and Alice
Ronnow, secured by trust deed
to land in Clark county; note
for $4,000, of Leroy and Mary e
Dutton, secured by trust deed to
land in Clark county; note for
$4,000 of Miranda and S. w. Gran
er, secured by trust deed to land
in Clark county; note for $500
of Earl Walter Nungesser and
Daisy Nungesser, secured by
trust deed for land in Las Vegas;
note for $500 of Cora ]. Noblitt,
secured by trust deed to land in
Clark county; note for $4,000 of
James and Alice Passno and Sc
cured by assignment of note and
mortgage Of Yonema Tomiyasu
for the sum of $23,5O0; note for
S400 of G. w. and Caddie May
Deverell, secured by trust deed
to land in Las Vegas; note for
$4,000 of Cora c. Jeshke, secured
by trust deed on land in Las
Vegas; note for $500, of W. H.
ElwelI, and note for $500 of
Sadie M. ElweM, both secured by
trust deed to land in Clark cOun-
vt; note for $500 of Antoine
Matteucci, secured by trust deed
to land in Las Vegas; note for
$4,000 of j. G. Laravey and Cora
Laravey, secured by trust deed
to land in Las Vegas; note for
$4,000 of Mary ]. Russell, secured
by trust deed to land in Clark
County; note for $1,000 of George
H. Cook, secured by trust deed
to land in Las Vegas; note for
$4,000 of William and Alexina
Moffat, secured by trust deed to
land in Las Vegas; note for $780,
600 of Mary E. and Thomas Hod-
gems and secured by deed of
trust to land in Las Vegas; note
for $4,000 of Perery NJ. and Ida
B. Housman and secured by deed
of trust to lands in Clark county;
note for $500 of c. c. and
Maude S. Boggs and secured by
deed of trust to land in Las We
gas.
The complaint also sallleges that
an appraisement has been made
of the securities filed and that a
fair valuation is $115,OO0.
Several weeks ago the matter
of the return of the securities
was taken up with the state
treasurer and refused to return
them. Attorney General Diskin
later went to Las Vegas and
made an investigation of the at
fairc OP tha oouDanv