Forbes v. Cannon
Court of Appeals of Texas
Appeal from Jim Wells County Court;' R. R. Mullen, Judge. Suit by O. E. Cannon and others against M. A. Forbes. Judgment for plaintiffs, and defendant appeals.
1Opinion of the CourtCobbs, J.
This suit was brought by ap-pellees to recover against appellant the sum of $720 growing out of á written obligation to pay certain amounts assessed on charged-off obligations to the Alice State Bank.
On April 28, 1915, M. A. Forbes and other stockholders owned a majority of the stock of the Citizens’ State Bank of Alice, Tex., and on that date contracted with O. E. Cannon to sell him and his associates 205 shares of the 350 shares of the capital stock of said bank, capitalized at $35,000, par value of each share $100. Subsequently, on the 10th day of May, 1915, there was actually sold to O.…
2Cited by2 opinions
- Bateman v. McGeeCourt of Appeals of Texas · 1932
- Powell v. GoldsmithCourt of Appeals of Texas · 1942