O'bear-Nester Glass Co. v. Antiexplo Co.
Texas Supreme Court
Error to the Court of Civil Appeals for the Third District, in. an appeal from McLennan County. The Glass Co. sued the Antiexplo Co. and others, its stockholders, and appealed from a judgment hy which it recovered against the company only. This being affirmed appellant obtained writ of error. Appellees Sanger and Edwards were purchasers of the stock offered for sale hy the company, hujdng at less than the face value.
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Error to the Court of Civil Appeals for the Third District, in. an appeal from McLennan County. The Glass Co. sued the Antiexplo Co. and others, its stockholders, and appealed from a judgment hy which it recovered against the company only. This being affirmed appellant obtained writ of error. Appellees Sanger and Edwards were purchasers of the stock offered for sale hy the company, hujdng at less than the face value. McClintock subscribed for and received stock, giving his note, which was still unpaid.
1Opinion of the Court
John Skimming, A.S. Dennison and Sam H. Hamilton owned a secret formula of "a compound to be mixed with gasoline, kerosene and other oils, to prevent explosion" and on the 2d day of January, 1904, the said Skimming, Dennison and Hamilton organized a corporation, the Antiexplo Company, under the laws of the State of Texas, for the purpose of manufacturing and selling the said compound. The capital stock was stated in the charter to be $100,000 and the incorporators sold to the said corporation the formula for making the said compound at the price of one hundred thousand dollars, taking stock…
2Cases cited2 opinions
- Chadwick v. CovellMassachusetts Supreme Judicial Court · 1890
- Van Cleve v. BerkeySupreme Court of Missouri · 1898
3Cited by27 opinions
- Ladner v. Reliance Corp.Texas Supreme Court · 1956
- Webster v. Webster Refining Co. of OkmulgeeSupreme Court of Oklahoma · 1912
- Furr's Inc. v. United Specialty Advertising CompanyCourt of Appeals of Texas · 1960
- Chilson v. CavanaghSupreme Court of Oklahoma · 1916
- Abilene Light & Water Co. v. RobinsonCourt of Appeals of Texas · 1912
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