Stevens v. Boyes Hot Springs Co.

Action to recover a balance alleged to be due upon a promissory note payable to plaintiffs and executed by defendant Boyes Plot Springs Company, a corporation. The note was dated July 6, 1922, and was in the sum of $6,800 and it provided for five payments in yearly installments of $1360 each, together with interest. In the complaint it is alleged that the note was duly and regularly executed by defendant corporation and, as consideration for it, plaintiffs transferred and delivered to the corporation 10,000 shares of its capital stock, and at the same time also delivered and surrendered to it…