Waller v. Hodge

Opinion of the Court by

Judge Sampson

Affirming.

In 1917, appellant, Waller, then owner of 127 shares of the capital stock of Audubon Mining Company, sold his entire holding to appellees, Thomas Hodge and John Hodge, for $8,000.00, par value $12,700.00. The company is and was engaged in mining and marketing coal. It was organized under the name of People’s Coal Company, about 1908 or 1909, and produced coal for the local market only and made its deliveries by wagon. Neither of the parties to this litigation was interested in the company at that time but about 1916 appellant, Waller, on the…