Mining Company v. Anglo-Californian Bank, 104 U.S. 192 (1881)
U.S. Supreme CourtMining Company v. Anglo-Californian Bank, 104 U.S. 192 (1881)
Mining Company v. Anglo-Californian Bank
104 U.S. 192
ERROR TO THE CIRCUIT COURT OF THE UNITED
STATES FOR THE DISTRICT OF CALIFORNIA
1. The laws of California under which a mining company was organized empower it "to enter into any obligations or contracts essential to the transaction of its ordinary affairs, or for the purposes for which it was created," and make it the duty of its board of directors to exert its corporate powers and to conduct and control its business and property.