Estate of Banta

On July 9, 1928, Ellen Lee Banta, wife of George Banta, Sr., owned 3,101 shares of the capital stock of the George Banta Publishing Company. Her husband owned other shares and her son, George, Jr., owned still others. They were all residents of Wisconsin. On that date Mrs. Banta and her son entered into a contract whose material provisions are:

“The first party, on behalf of herself, her executors, administrators, and assigns, hereby covenants and agrees to sell, transfer, and assign said three thousand one hundred one (3,101) shares of the common capital stock of said George Banta Publishing…