Vulcan Corp. v. Cobden Machine Works

Plaintiff is an Ohio corporation authorized to do business in Illinois. It had purchased a site from the Chamber of Commerce of Anna, Illinois, and thereafter with the aid of said association built a factory thereon and operated it for several years. In the contract of sale from the Chamber of Commerce to plaintiff the price was made the subject of computation based upon the payroll of the plaintiff over a period of ten years, but otherwise the agreement was an ordinary contract to sell real estate, with the deed placed in escrow. The plaintiff had the right at any time during said ten years…