Kelley v. Ramsey

Opinion op thíe Court by

Judge Hurt

Affirming upon original appeal and reversing’ upon cross-appeal.

The appellants,' Giles Kelley, W.' H. Henninger, and T. W. Hogan, and the appellee, J. C. Ramsey, were the stockholders' in a corporation known as the Grayson County Fertilizer Company. The capital stock amounted to the sum of two thousand dollars, and each of them was the owner of one-fourth thereof. They manufactured and sold fertilizer during the years 1911, 1912, and 1913, but about the first of January, 1914, they ceased to do business and it seems, sold' the tangible property belonging to…