Ozark Black Marble Co. v. Stephenson

Appellant, a corporation, was incorporated January 30, 1939, and the other appellant, J. Gr. Cazort, was its moving spirit. ' On June 22, 1935, Cazort and one Skinner, after some two years of search for deposits of black marble, and learning there was such a deposit on appellees’ lands, called on them and examined same. They entered into a written contract with appellees on said date by which appellees agreed to give a “stone deed” to Ozark Black Marble Company, when organized, and Cazort and Skinner agreed to give appellees 25 shares of stock in the proposed corporation and to pay them $100…