Cotton States Building Ass'n v. Rawlins

RAINEY, Chief Justice.

On August 13, 1902, appellees executed a written contract to appellant, by the terms of which appellant agreed to construct a certain house for appellees, who agreed upon certain con tractors to erect the same, and agreed to pay appellant $1000, and subscribed for twenty shares of stock in appellant company, of $50 each. Appellees were to pay $7 per month on the shares Of stock, and the further sum of $8.35 per month as interest until the maturity of the stock, estimated to mature in about six years. The contract also provided that appellant should hold the mechanic’s…