Jaenke v. Taylor

The purpose of this suit is to compel the seven defendants to organize a corporation with not less than $20,000 paid-up-capital stock, and to accept title to certain real estate situated in the town of Jennings, all in accordance with a written agreement entered into between the parties. In the alternative, should the said parties refuse to organize said corporation, then judgment is prayed for against the seven parties in solido for the sum of $10,000, the purchase price of said property.

The agreement was entered into on August 16, 1920, under the terms of which the plaintiff agreed to sell…