Kraebel v. State

The Ogden Investment Company, a New Jersey corporation, owned 100,000 shares of the common stock of the Kolster Radio Corporation. By a written agreement dated July 23, 1928, an option to purchase 25,000 shares of this stock was granted to Leib, Keyston & Co. of San Francisco, and by said agreement authority was given Leib, Keyston & Co. to sell for the account of the Ogden Investment Company an additional 25,000 shares of stock at the prices specified in the agreement. By another agreement of September 11, 1928, another option was given to Leib, Keyston & Co. to purchase 50,000 additional…