Kettenhofen v. Sterling Oil Co.

The following opinion was filed October 12, 1937 :

Martin, J.

In December, 1921, the Sterling Oil Company, a Wisconsin corporation, formerly known as Sterling Service Stations, Inc., proposed to erect a filling station upon a piece of property in the city of Oconomowoc. For the purpose of financing the cost of erecting said station, the company by authority of its stockholders and its board of directors, issued “participating operation certificates,” and to secure the repayment of the indebtedness evidenced by said certificates, Sterling Oil Company did, by authority of its stockholders and its…