Curtis v. Beckett

Draper, P.

The appellant appeals from a judgment of the court below dismissing his amended and supplemental complaint, whereby he seeks to recover from the appellee on a written contract of guaranty.

The complaint alleges the organization of and issuance by the Joe R. Beckett-Douglas Court Realty Company (hereafter referred to as the company) of 1750 shares of stock of the par value of $100.00 each, of which 1150 shares were preferred and 600 common. That the company covenanted to pay annual cumulative dividends on the preferred stock at the rate ■ of 6 per cent per annum, payable quarterly…