Community Land Corporation v. Stuenkel

DONNELLY, Judge.

This is a suit for specific performance. Plaintiff is a not-for-profit corporation, incorporated October 26, 1966. Defendants are owners of a 28-acre tract in Lafayette County, Missouri. On the morning of May 21, 1966, before the corporation was incorporated, three members of its board of directors, Melvin J. Frerking, Earl Brock-man, and Wendell Olson, went to see defendants for the purpose of purchasing land for the development of a residential area for homes for senior citizens. The northeast portion of defendants’ tract was discussed. Later the same day, Frerking and…