Heidler v. Werner & Co.

The opinion of the court was delivered by

Parker, J.

This is a suit to foreclose a, mortgage given by defendant to complainant. Complainant was the owner of one hundred and ninety-five shares out of a total authorized capital of two hundred and fifty shares in the defendant corporation. Five of the one hundred and ninety-five shares stood in the name of complainant’s son, the rest in his own name. He desired to sell out, and after some negotiations with one Eose, an outsider, it' was agreed that Rose should take over the one hundred and ninety-five shares for $15,000. Eose did not have the…