Sontag Investment Co. v. Nautilus Realty Co.

— The amended bill herein alleges in effect that the complainant investment company was the owner of described real estate; that on June 10, 1910, in consideration of their promise as the representatives of a proposed corporation called The Nautilus Hotel Company, that such company would erect .a described hotel upon the land Avhich would greatly enhance the value of other lands of complainant, it conveyed the land to M. L. Waggoner and T. F. Williams, as trustees', for the sole purpose stated; that said Williams and Waggoner and their associates began the erection of the hotel according to…