William D. Witter v. Triumph Smokes, Inc.

Triumph Smokes, Inc. (Triumph) appeals from a summary judgment awarding William D. Witter $88,920.35, plus interest, in his action to enforce payment of two nonsubordinated debentures issued by Triumph. We affirm.

In his complaint Witter alleged that he is a resident of New York who on September 25, 1969, purchased the two debentures from Triumph, a Texas corporation, which at that time was named Bravo Smokes, Inc. The debentures were to mature on April 8, 1971 with 7% interest per annum from September 25, 1969. Witter alleged that he has made written demand for payment of the outstanding…