Chapman v. First Nat. Bank of Seattle

NETERER, District Judge.

April 8, 1929, defendants Macbride and Anderson and the W. B.' Poshay Company, a Delaware corporation, entered into an agreement'whereby Macbride and Anderson, as owners and controllers, agreed to sell, and the W. B. Poshay Company agreed to buy, certain capital stock of the Kitsap County Transportation Company and eight subsidiary Washington corporations, all engaged in marine or land transportation, for $1,075,000, purchaser assuming to pay $250,000 bonded indebtedness. Pursuant to the terms of said agreement, Macbride and Anderson thereby caused to be deposited in…