Bell v. Wilson

Steele Hays, Justice.

In 1966 William A. Hill and Theodore F. Mariani, as trustees for “Georgetown Associates,” purchased some 323 acres of land in Benton County. On January 14,1967, Theodore F. Mariani, William A. Hill, Dr. Charles F. Hufnagel, Dr. John F. Gillespie, and Roderic M. Bell, Sr., entered into a joint venture agreement under the name of “Georgetown Associates” for the purpose of acquiring and developing the 323 acres of land. Subsequent to the execution of the joint venture agreement, the ‘real property’s acreage was reduced by various conveyances, and now consists of…