Temple Iron Works, Inc. v. Reburn Oil & Gas, Inc.

BOLIN, Judge.

Plaintiff sued Reburn Oil and Gas, Inc., and A. M. Reburn on a promissory note, dated October 24, 1961, executed and signed by Reburn in his capacity as president of the corporation. From judgment in plaintiff’s favor against the defendants, jointly and in solido, and reserving its rights against other officers of the corporation, defendants, Reburn Oil and Gas, Inc., and A. M. Reburn appeal.

The note, in the principal sum of $9,069.-75, is payable to the order of Temple Iron Works, Inc. Temple seeks to hold Reburn personally liable on the ground the minimum capital with which the…