Tucker v. Leise

The State Savings Bank of Liscomb, Iowa, had a capital of $10,000, for which 100 shares of stock were issued. The appellant Henry Leise owned 93 shares thereof. He was also the owner of a residence property m the same town. On the 8th day of July, 1920, appellant and his wife entered into a written option with appellees, by the terms of which ap-pellees were to have an option to purchase said 93 shares of bank stock, together with the residence property, for the sum of $40,000, $1,000 of which was to be paid upon the execution of the option, $9,000 on the 1st of August, 1920, $Í5,000 on the…