Title & Trust Co. v. United States FidelIty & Guaranty Co.

Since complete statement of the controversy out of which this appeal arose and a copy of the bond upon which it is predicated are set forth in our decision entitled Title & Trust Company v. United States Fidelity & Guaranty Company, 138 Or. 467 (1 P. (2d) 1100, 7 P. (2d) 805), we shall now confine ourselves to only a brief statement.

E. Henry Wemme, who died December 17, 1914, owning 98 of the 100 shares of the capital stock of The E. Henry Wemme Company, directed in his will that the corporation should pay to Hattie E. Miller and Mamie Karlan $35 a month during the remainder of their lives.…