Val Verde Hotel Co. v. Ross

OPINION OF THE COURT

PARKER, C. J.

This is an action upon a stock subscription to the capital stock of the Val Verde Hotel Company, resulting in a judgment for the plaintiff (appellee.) from which the defendant (appellant)has appealed.

The stock subscription is in the following terms:

“We, the undersigned, subscribe and agree to pay for the number of shares of stock in the Val Verde Hotel Company, set opposite our names, on a basid of one hundred dollars per share, to be paid for as follows: Fifty per cent, on or before June 1st, and the balance of fifty per cent, on or before July 1st, 1918;…