Bellamy v. Washita Valley Telephone Co.

1910 OK 58, 108 P. 389, 25 Okla. 792, 1910 Okla. LEXIS 337
CourtSupreme Court of Oklahoma
DecidedMarch 8, 1910
Docket225
StatusPublished
Cited by25 cases

This text of 1910 OK 58 (Bellamy v. Washita Valley Telephone Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bellamy v. Washita Valley Telephone Co., 1910 OK 58, 108 P. 389, 25 Okla. 792, 1910 Okla. LEXIS 337 (Okla. 1910).

Opinion

Turner, J.

On February 27, 1905, George W. Bellamy, plaintiff in error, plaintiff below, sued the Washita Yalley Telephone Company, J. C. Harrell, C. I. Petty, E. A. Harrell, F. H. Wright, G. H. Eowley, 1-1. L. Eowley, and E. D. Eeynolds, defendants in error, defendants below, in the district court of Canadian county and in his petition states, substantially, that he is a stockholder in the defendant companj', and the capital stock *794 thereof to be $50,000, divided into 2,000 shares of $25 each, of which plaintiff owned 48 shares and the defendant F. H. Wright 47; that the remainder thereof was pretended to be owned by the defendants J. C. Harrel, C. I. Petty, and E. A. Harrel, in amounts unknown to plaintiff; that .on its organization plaintiff was elected president and another stockholder secretary; that thereafter said three defendants pretendedly purchased certain stock of said corporation then owned by defendants 6. H. Rowley and H. L. Row-ley, but the same was never transferred to them or from the sellers thereof on the books of said company, nor certificates of stock lawfully issued to them -nor certificates for the same ever executed to them by plaintiff as president of said company, that-if said stock was ever purchased as pretended it was done in violation of an agreement entered into between G-. H. Rowley and H. L. Rowley as parties of the first part, and plaintiff and said Wright parties of the second part in writing, to the effect that neither party would at any time- acquire more than one-half of the joint holdings of the said four persons, and that in the event either of said parties desired to sell their stock the other party had the preference' right to either buy or sell at the named price and that said three defendants took said stock with full knowledge of- the rights of plaintiff therein; tliat by virtue of said assumed ownership of stock said three defendants were assuming to be stockholders in the said corporation, and notwithstanding the fact that no meeting of stockholders or directors had been held since the election of plaintiff as president thereof, said three defendants had assumed and pretended to be and act as officers of said corporation without authority of law, and had taken possession of the property thereof and assumed control and management of said corporation, and were dissipating its earnings and profits in the way of .expenses and salaries to themselves, and prays for a receiver of its properties, and for judgment against e.ach of the defendants, except F. H. Wright, determining and adjusting their interests in the stock of said company and that its affairs be wound up and said corporation dissolved.

On the same day notice was served on defendant F. H.Wright, *795 as vice president of said company, and, after answer tiled, pursuant thereto on March 4, 1905, the' judge of said court at the time mentioned in said notice heard the application of said plaintiff and appointed a receiver according to the prayer of his petition, who qualified and took possession of the property of the company and entered upon the discharge of his duties as such receiver.

For answer, said three defendants, after interposing a general denial, denied specifically that plaintiff was president of said corporation or owned any stock therein, but alleged that*he had parted •tfith the same to the Topeka & El Beno Telephone Company; that they were stockholders therein in good faith to the extent of 105 shares, and had paid therefor a valuable consideration, and denied that the officers of said corporation had refused to permit persons interested as stockholders therein to examine the books and records thereof, or‘that they were guilty of the conduct charged in plaintiff’s complaint, and asked to be discharged with their costs.

That thereafter defendants, not disclaiming, filed a motion io vacate said appointment, which said motion was on June .30, 1905, heard and by the court overruled; that thereafter said receiver made report to the court of his trust, and on December 37, 1905, on his petition, was by the court allowed $25 per month provisionally, and thereafter continued to act as such receiver until November 26, 1906, at which time the cause came on for hearing upon its merits; that on said day after the same was fully heard, the court, in substance, found “the issues in favor of the said defendants upon the facts and law applicable to said cause, except as to the ownership of the corporation stock mentioned and described in the pleadings herein, which the court does not pass upon,” and ordered, in substance, that plaintiff take nothing by his suit, that the receiver be discharged, that the property of said company be restored to defendants, and that plaintiff pay all costs, to all of which plaintiff excepted, and on November 28, 1906, filed motion for a new trial which was overruled December 1, 1906, and exceptions saved, the receiver ordered to file his report on a *796 clay certain, and plaintiff given 90 days to make and serve a case-made.

On December 27, 3 906, the receiver filed his report, which was excepted to, and on April 13, 1907, the order of November 26. 1906, was modified by interlineation to the extent of disallowing him attorneys’ fees, and allowing him certain compensation, to be taxed as costs to plaintiff; with which said exceptions said report was approved, and said receiver ordered to pay over to the telephone company all moneys in his hands belonging to it, $600 of which was to be secured by bond of said company conditioned to be by it returned in case it should appear on appeal that said order was erroneous in requiring plaintiff to pay the receiver’s compensation; and which when done he was to stand discharged. To which said order, so far as the same affected said attorney’s fees, taxed plaintiff with the costs including the receiver’s compensation, plaintiff excepted and was given time to make a case.

From subsequent proceedings, it appears that during the life of said receivership the same extended to certain notes in the hands of J. C. Harrel acting as president belonging to said defendant company, which were turned over to and by the receiver collected, and the proceeds thereof, some $1,140, for some reason not appearing, ordered paid to the clerk of the court. To secure this fund, plaintiff on April 18, 1908, filed his petition in the cause, restated in substance his original contention that he was a stockholder and defendants pretended stockholders in said company, alleged himself to be the president thereof, and as such entitled to said fund, and prayed the court to require said fund to be trirned over to him whereupon the court found that defendant “J. C. Harrel, as acting president of the said Washita Valley Telephone Company, is the proper person to receive said funds,” and ordered the same turned over to him, to all of which plaintiff excepted, and was given 90 days in which to make and serve a case-made. This was signed’ and settled June 3, 1908, and proceedings in error brought in this court on June 8, 1908, by which he seeks to review and reverse said orders.

But it is contended by defendants in error that this cannot *797

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Bank IV Oklahoma, N.A. v. Southwestern Bank & Trust Co.
1997 OK 31 (Supreme Court of Oklahoma, 1997)
Bivins v. State Ex Rel. Oklahoma Memorial Hospital
1996 OK 5 (Supreme Court of Oklahoma, 1996)
McMillian v. Holcomb
1995 OK 117 (Supreme Court of Oklahoma, 1995)
Stites v. DUIT Const. Co., Inc.
1995 OK 69 (Supreme Court of Oklahoma, 1995)
Lucas v. Bishop
1995 OK 7 (Supreme Court of Oklahoma, 1995)
Besecker v. Chilbert
1994 OK 125 (Supreme Court of Oklahoma, 1994)
Manning v. State Ex Rel. Department of Public Safety
876 P.2d 667 (Supreme Court of Oklahoma, 1994)
Grant Square Bank & Trust Co. v. Werner
1989 OK 126 (Supreme Court of Oklahoma, 1989)
Pierson v. Canupp
754 P.2d 548 (Supreme Court of Oklahoma, 1988)
Salyer v. National Trailer Convoy, Inc.
1986 OK 70 (Supreme Court of Oklahoma, 1986)
Powell Bros. Truck Lines, Inc. v. State Ex Rel. Green
1936 OK 591 (Supreme Court of Oklahoma, 1936)
Cuneo v. Champlin Refining Co.
62 P.2d 82 (Supreme Court of Oklahoma, 1936)
Boardman Co. v. Board of Com'rs, Ellis Co.
1929 OK 10 (Supreme Court of Oklahoma, 1929)
Goff v. Goff
1926 OK 880 (Supreme Court of Oklahoma, 1926)
Schulte v. Board of County Com'rs
1925 OK 872 (Supreme Court of Oklahoma, 1925)
Maggart v. Wakefield
1912 OK 197 (Supreme Court of Oklahoma, 1912)

Cite This Page — Counsel Stack

Bluebook (online)
1910 OK 58, 108 P. 389, 25 Okla. 792, 1910 Okla. LEXIS 337, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bellamy-v-washita-valley-telephone-co-okla-1910.