Nueces Hotel Co. v. Ring

-Plaintiff in error sued to recover against defendant in error on the following written instrument:

“Corpus Christi, Tex., 12 — 3—1910.

“I, F. E. Ring, hereby subscribe the sum of five hundred dollars to the capital stock of the corporation .to be organized for the purpose of purchasing the site and building a commercial hotel on the Beach Portion of' the city of Corpus Christi, Nueces county, Texas.

“As soon as $150,000.00 of the capital stock for said purpose has been subscribed (provided same is done on or before April 1, 1911), I hereby agree, bind and obligate myself to pay in cash, when…