Thompson v. Grace
Supreme Court of Arkansas
Appeal from Yell Chancery Court, Dardanelle District; Jeremiah G. Wallace, Chancellor; statement by the court. This was a suit by appellee against appellant (defendant below) and wife, and E. G. Collier, to foreclose a mortgage given by appellant and his wife to appellee on certain lands and also what was known as the Post-Dispatch printing plant.
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Appeal from Yell Chancery Court, Dardanelle District; Jeremiah G. Wallace, Chancellor; statement by the court. This was a suit by appellee against appellant (defendant below) and wife, and E. G. Collier, to foreclose a mortgage given by appellant and his wife to appellee on certain lands and also what was known as the Post-Dispatch printing plant. On the 14th day of October, 1908, the defendant Thompson and Collier filed answer admitting the execution of the note ami mortgage to appellee, Grace, but allege that the printing planl was sold to Thompson by Jacoway without authority; that John H.…
1Opinion of the Court
Wood, J.,
(after stating the facts.) First. The proof showed that the Post-Dispatch Publishing Company was a corporation having a capital stock of $3,000 issued in shares of $25 each. John H. Page finally became the owner of all except sixteen shares, and he transferred all of his shares except one to H. M. Jacoway. Jacoway became the owner of 104 shares of the stock of the nominal value of $2,600. Jacoway sold all of his stock to appellant for $2,750. Two thousand of this was furnished by appellee. JacoWay had a mortgage to secure him for the balance of the purchase money, but there is an…
2Cases cited2 opinions
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