30 Nev. 192 | Nev. | 1908
By the Court,
This is an application for a writ of mandamus by the relator, John B. Gleeson, against the Jumbo Extension Mining Company, et aL, for the purpose of having issued and delivered to him 7,500 shares of Jumbo Extension Mining Company stock and 5,625 shares of Vernal Mining Company stock of Goldfield.
Relator alleges in his petition for the writ that: "On or about May 10, 1904, the defendant corporation, the Jumbo Extension Mining Company, was organized under the laws of the Territory of Arizona, by the name of 'Jumbo & Vernal Extension Mining Co,’with a capital stock of 1,250,000 shares, of the par value of $1 per share, and having its principal places of business in the City of Phoenix, Arizona, and at Tonopah, in the State'of Nevada, and at Goldfield, in the State of Nevada. Whereupon, on or about said 10th day of May, 1904, it transferred to R. A. Martin, C. B. Higginson, and J. T. Jones each 200,000 shares of. its said capital stock, in consideration for certain mining claims transferred by them severally to said corporation. The other and remaining 500,000 shares of such stock were deposited in the company’s treasury to be sold thereafter for development purposes. Afterwards, on or about the 21st day of June, 1904, said corporation sold to this plaintiff and relator 7,500
It is further alleged by reason of a consolidation of certain mining claims with the Jumbo & Vernal Extension Mining Company, and by reason of the alleged ownership of 7,500 shares of the Jumbo Extension & Vernal Mining Company as above set forth, the relator became entitled to 5,625 shares of the stock of the Vernal Mining Company of Goldfield
If the motion to quash the citation were granted or denied, its effect would be the same as that sought to be obtained if the demurrer were sustained or overruled. This motion ’ to quash the citation for a writ of mandamus and the demurrer interposed upon the same grounds is confessed to have been done by counsel for defendants because of a doubt in his mind as to which procedure was the proper one. In view of the fact that the court on the filing of relator’s petition issued an order to respondents to show cause why the relief sought in the petition for writ of mandamus should not be granted, which is the practice now generally followed by this court in mandamus proceedings, defendants were given an opportunity on said date commanded in the citation to raise any objections they desired and chose to interpose their objections both by demurrer and motion to quash the citation. While there is little difference in the way these issues are raised, we think the better practice in the future to be pursued in similar cases is to raise any objections to the petition by demurrer or answer.
Defendants set forth in their demurrer and motion to quash the citation for writ of mandamus their reasons why said peremptory writ should not issue, as follows: ■
"(1) That said affidavit or petition of said relator upon*199 which the alternative writ herein issued and wherein the relator seeks a peremptory writ of mandamus from this court does not state facts sufficient to entitle said relator to the relief in said petition prayed for, or to the peremptory writ of mandamus referred to in the alternative mandamus or citation herein issued.
" (2) That it does not appear from said affidavit or petition that said relator has no plain, speedy, and adequate remedy at law.
" (3) That it does appear from said affidavit or petition of said relator that he has a plain, speedy, and adequate remedy at law by an action against said defendant corporation for the value of the stock claimed by said relator. It further appears from said affidavit or petition that said relator has a plain, speedy, and adequate remedy in equity by an action against said defendant corporation for a specific performance of his said alleged contract.
'' (4) It affirmatively appears from said affidavit or petition of said relator that said defendant corporation is solvent, and is able to respond in damages for any judgment said relator may obtain against said corporation for the value of said stock so alleged to be wrongfully withheld from said relator by said defendant corporation and its officers.
" (5) It affirmatively appears from said affidavit or petition that said defendant corporation has ample of said stock in its possession to satisfy any judgment said relator might obtain in a court of equity for the specific performance of said alleged contract and order to deliver said stock.
" (6) That the remedy sought under the statement of facts in said affidavit or petition of said relator does not require the compelling of the performance of an act which the law specifically enjoins as a duty resulting from an office, trust, or station or to compel the admission of a party to the use and enjoyment of a right or office to which he is entitled.
" (7) It does not appear from said affidavit or petition that the issuance of said stock was ever authorized by the board of directors of said defendant corporation, or that the execution of said agreement set out in plaintiff and relator’s petition, dated June 21, 1904, and signed by H. B. Lind as*200 secretary of the defendant corporation, Jumbo & Vernal Extension Mining Company, was ever authorized by said defendant corporation, or ever ratified thereafter by the same; and it does not appear that the president or secretary or directors of said defendant corporation have any authority to issue to said relator any stock of said defendant corporation, or any other corporation upon the surrender of said instrument set up in said petition, dated June 21, 1904.
" (8) It does not appear from said affidavit or petition that said Albert S. Watson, trustee, has ever executed his said trust or delivered said stock of said Vernal Mining Company of Goldfield into the possession of said Jumbo Extension Mining Company.
"(9) That the court has no jurisdiction over the subject-matter of said petition, or to issue the writ therein prayed for, for the reason that it does not appear from said petition that said plaintiff and relator has no plain, speedy, or adequate remedy at law.”
Before considering the objections raised as to the issuance of the peremptory writ by the demurrer of the respondents, we believe it advisable to first pass upon a question raised in relator’s brief wherein he raised the following objection to our considering the demurrer or motion to quash as interposed by the respondents.
In his opening brief relator asserts: "We respectfully submit that no question is or can be properly raised by the separate and independent demurrers and motions filed by T. G. Lockhart; by Edward S. Van Dyck; by Mrs. T. G. Lockhart, C. B. Higginson, J. L. Towley, and the Jumbo Extension Company; and by the Vernal Mining Company. These seem to have been filed by the above persons in their individual capacities, on the theory that the action is against the respondents as individuals, and not as a board of directors. There is no showing that any one of these numerous motions and demurrers are the motions or demurrers of the board of directors as such. In fact, it clearly appears that they are not, but are the pleadings of the individuals named. Therefore, it necessarily follows that there is no appearance of the board of directors of either company. This court
We do not consider there is any merit in the objection raised by relator to preclude this court from considering the points raised in respondent’s demurrer. The demurrer and motion complained of are entitled in every respect in the same way as relator’s petition for a writ of mandamus, and have the same entitlement as the order of this court issued to said defendants commanding them to appear. It is evident that, if the objections raised by relator have any merit or force, their petition should be dismissed. We believe for the purposes of the petition and the order as issued that all parties are now before the court, and that the objections raised by respondents have been properly submitted. This court has repeatedly and recently held (State ex rel. Botsford v. District Judge, 29 Nev. 459) in line with principles so clearly and tersely expressed by High on Extraordinary Legal Remedies, here quoted and supported by innumerable authorities and text-writers when mandamus ought and will issue, and that it will not issue where the petitioner has a plain, speedy, and adequate remedy at law.
"The writ of mandamus being justly regarded as one of the highest writs known to our system of jurisprudence, it issues only where there is a clear and specific legal right to be enforced, or a duty which ought to be and can be performed, and where there is no other specific and adequate legal remedy. Since the object of a mandamus is not to supersede legal remedies, but rather to supply the want of them, two prerequisites must exist to warrant a court in granting this extraordinary remedy: First, it must be shown that the relator has a clear, legal right to the performance of a particular act or duty at the hands of the respondent; and, second, it must appear that the law affords no other adequate •or specific remedy to secure the enforcement of the right and the performance of the duty which it is sought to coerce. The test to be applied, therefore, in determining upon the right to relief by mandamus, is to inquire whether the party aggrieved has a clear, legal right, and whether he has any other adequate remedy, since the writ belongs only to those
In the light of these fundamental principles we believe,for the purpose of disposing of this case, all questions presented and objections raised can be properly resolved into the following query, and answered, to wit: Does the petition as presented state facts sufficient to warrant this court in issuing a peremptory writ of mandamus to compel
The petition further fails to disclose that the board of directors of said corporation authorized the secretary of said corporation to sell said stock, or to enter into any agreement with said relator to sell said stock for the amount alleged to have been paid.
The supreme court of this state has held in Ex rel. Curtis v. McCullough, 3 Nev. 202, that, before a writ of mandamus will issue, the right of relator must appear plain and beyond dispute.
High on Extraordinary Legal Remedies, 3d ed., sec. 313, p. 286, says: "In conformity with the general principle that mandamus will not lie when other adequate and specific remedy may be had at law, the courts refuse to lend their interference by this extraordinary writ for the purpose of compelling the transfer to a purchaser of shares of capital stock upon the books of an incorporated company, or to compel a company to issue certificates of stock. In all such cases full and complete satisfaction, equivalent to specific relief, maybe had by an ordinary action at law to recover the value of the stock, and the existence of such other remedy is a complete bar to the exercise of the jurisdiction by mandamus when it does not appear that the particular stock in question possesses any especial value over other stock of the
Bliss on the Law of Pleading, sec. 444, p. 685, says: "Mandamus is never the remedy to enforce the performance of duties growing out of contractual rights.” The same author,, at section 446, page 685, says: "The remedy by mandamus will never be granted where the usual and ordinary modes of proceeding afford adequate redress to the party.”
Cook on Corporations, vol. 2, p. 864, sec. 390, says: "The authorities are in irreconcilable conflict on the question whether mandamus lies to compel a corporation to allow a registry on its books of a transfer of stock. The weight of authority holds very clearly that mandamus will not lie. This rule is based largely on the historical origin of the writ of mandamus, and on the theory that the stock of a private corporation has no peculiar value, and may be readily obtained in open market or fully compensated for in damages.” And at section 392: "An action at law for damages is an old and well-established remedy of a stockholder who has applied to the corporation for a registry of a trapsfer and has been refused.”
The Supreme Court of Oregon in the case of Durham v. Monumental Silver Mining Company, 9 Or. 41, held that, "where the plaintiff claimed to be the owner of certain shares in a mining corporation by purchase at a sheriff’s sale which the secretary refused to transfer on the stock book, mandamus was not the proper remedy, as plaintiff had an adequate remedy at law by an action against the corporation for the value of the stock claimed ”; and by reason of this remedy, they had a plain, speedy, and adequate remedy in the ordinary course of law, and denied the application for a writ of mandamus. The same court in Slemons v. Thompson, 23 Or. 215, 31 Pac. 514, quoted with approval and distinguished the principle laid down in Durham v. Monumental Silver Mining Company.
The Supreme Court of California in the case of Kimball et
The Supreme Court of Missouri in the case of City of St. Louis v. Bessel, 46 Mo. 157, in an application for a writ of mandamus for the transfer of stock on its books, said: "It is very clear that relator misconceives his remedy, and'that he may obtain adequate and ample redress without reso'rting to a proceeding by mandamus. If he has a good title to the stock, he can recover the market value in an ordinary action. It is the uniform and current rule of the courts that, when a corporation improperly refuses to transfer stock on its books, the party injured has an ample remedy by action, and therefore a mandamus to compel such transfer will not lief.
The Supreme Court of Nevada in the case of State of Nevada ex rel. A. B. Elliott, Relator, v. Biaggio Guerrero et al., Respondents, 12 Nev. 107, in an action similar to this, held: "We are of the opinion that mandamus is not the proper remedy, for the reason that relator has a plain, speedy, and adequate remedy at law by an action against the corporation for the value of the stock claimed.”
From an examination of the authorities as to when mandamus will lie to compel the issuance and delivery of stock of a corporation, I am of the opinion that it will never lie unless the stock sought to be recovered has some pecuniary or special value peculiar in itself and of a different value from any like number of shares sought to be recovered, or unless, where shares of stock are detained and the control of some corporation is at issue, and by the securing of the
The present case does not disclose any such state of circumstances existing as to warrant this court in granting relator’s petition for a peremptory- writ of mandate; and said petition is dismissed.