Merchants-Citizens National Bank v. Mauser

Opinion by

Mr. Justice Walling,

The Mauser Mill Company, engaged in the grain milling business in Lehigh and Northampton Counties, was duly chartered as a corporation in 1902, with a capital stock of $200,000, divided into 4,000 shares of the par value of $50 each. It prospered and in 1917, J. Mark Mauser, George B. Mauser and Harry J. Lerch, the principal and controlling stockholders, the former being brothers and Lerch their brother-in-law, entered into a written agreement that, “......upon the death of either the survivors shall and will within fifteen days thereafter purchase the shares of…