Hatcher-Powers Shoe Company v. Bickford

Opinion of the Court by

Commissioner Hobson

Affirming as to P. S. Huffman and reversing as to the other thirteen appellees.

In March, 1920, several men living in Ashland, Kentucky, or near there conceived the idea of organizing a corporation to carry on a wholesale shoe business there, and with this view they had a written 'contract drawn, which, so far as is material, reads as follows:

“This Agreement, made and entered into at Ashland, B'oyd county, Kentucky, this the 14th day of March, 1920, witnesseth, that,

“Whereas it is proposed to organize, under the laws of the state of Kentucky, a…