California Supreme Court July 2, 1900, S. F. No. 1366 (Bassett v. Fairchild)

McFARLAND, J.

It is averred in the complaint that each of the plaintiffs is the owner of at least five shares of the capital stock of the corporation defendant, the Bitumen Consolidated Mining Company, the capital stock being $300,000, divided into shares of $100 each, and that this action is *460brought on behalf of themselves and other stockholders.