State v. Swain

The portion of the evidence necessary to a consideration of the assignments of error indicate that the Pacific Phosphate & Chemical Company, organized in August, 1931, was a corporation engaged in the fertilizer business, with an office at 210 Postal Building, Portland. The defendant, who testified that he had resided for 12 years in Oregon, owned 350 shares (par value, $10) of its total capitalization of 1,000 shares, and was the president of the corporation. In the fall of 1931 he desired to sell some of his stock, and, on behalf of the corporation, desired to employ some men who would have…