Thraves v. Hooser

W. V. Thraves brought this suit against John W. Hooser, and in substance alleged that the suit was based upon a contract made in the form of a letter dated January 6, 1925, and thereafter amended. This contract is made part of the petition and marked Exhibit A; that Hooser was the owner of certain oil leases in Navarro county and other parts of Texas; that by the letter he agreed with Thraves that a Delaware corporation should be chartered with a capital stock of $5,000,-000 par value, divided into shares of $100 each, and these shares divided into two sections of 100,000 shares of class B…