Veatch v. Howard

Opinion by

Mr. Chief Justice Moore.

We refer to plaintiff in error as defendant or by name, ■and to defendant in error as plaintiff or by name.

The Custom Developing and Leasing Corporation, to which we refer here as the corporation, was formed in May of 1961 by Dr. T. J. Howard who owned 125 shares, G. Robert Howard who owned 124 shares, Livingston .Howard who owned 1 share, Roy Raemer who owned .125 shares, and W. D. Bradshaw who owned 125 shares.

*551The purpose of the corporation was to purchase the old Atlantic Hotel Building in Tampa, Florida, and to remodel it and convert it into a modern…