Hubbard v. Pape

The issues presented in this trial de novo have been carefully examined and re-examined the light pleadings and the evidence.

1. This court finds, as did the Common Pleas Court, that the petitioners and the defendants Pape, Carroll and Luegering, and one Paul Ashcraft, as the original stockholders and employees of the Lackner Custom Sign Service Company, agreed that no one of the stockholders could sell or dispose of his stock without first offering it for sale to the corporation at its current book value; and that, if the corporation elected not to acquire the stock, it should be offered to…