West Texas Utilities Co. v. Ellis

, BLAIR, Justice.

Appellees, Ruth M. Ellis and her husband, J. W. Ellis, sued appellant West Texas Utilities Company, and Taylor Rowe, alleging that in March, 1930, they purchased from said corporation, through its agent, Taylor Rowe, 20 shares of its $6 cumulative preferred stock, without par or nominal value, paying therefor $96 per share, a total of $1,920. That the purchase was made upon express condition and agreement that appellant “would buy back and redeem any or all of said shares of stock at any time upon request or demand” of appellees, at the price paid therefor. That about January…