Piedmont Life Insurance v. Bell

Russell, Judge.(a) Certain facts appear without ma*254terial dispute from this highly complicated record. One is that the contract between Bell and the corporation for the sale of stock was not reduced to writing. There is testimony of some of the witnesses who had made notes of what transpired at meetings as to their recollection based on such notes; there had been resolutions incorporated in minutes of the early meetings, but these had disappeared by the time the case came to trial. It was agreed that 100,000 shares of stock as authorized by the charter would be issued in blocks of 10,000 each;…