Oklahoma Wheat Pool Elevator Corp. v. Bouquot

This is an action upon a contract for redemption of preferred stock in the Oklahoma Wheat Pool Elevator Corporation. The following is a brief statement of the transactions out of which this litigation arose: On June 4, 1930, said corporation entered into a written contract with L. E. Bouquot, the owner of a grain elevator in the town of Vici, Okla., for the purchase of said elevator for the sum of $8,000, which consideration was payable 'as follows: $2,-500, in preferred stock of said corporation to be accompanied by a written agreement for redemption, and the balance of the consideration to…