Russell Lumber & Supply Co. v. First Nat. Bank

Opinion op the Court by

Judge Stites

Affirming.

This is an appeal from a judgment of the Greenup circuit court sitting in equity. The appellant Russell Lumber & Supply Company was incorporated in 1916, and engaged in tbe retail lumber and building materials business in the city of Bussell. It became the owner of certain real estate which it used in connection with its business as an office, plant, and lumber yard. The corporation was originally owned by four stockholders, but in 1922, or shortly prior to that time, one Clyde K. Turley became the owner of all of the outstanding capital stock of…