Rowland v. the Times Publishing Co.

CHAPMAN, J.:

The record in this case discloses that the Alpha Holding Corporation, on January 8, 1932, acquired a Master’s Deed to certain described land situated in the City of St. Petersburg, Florida, on which was located a building known as the Hall Office Building. The deed recites a consideration of $65,-000.00. The charter of the Alpha Holding Corporation authorized the issuance of 2,000 shares of common stock of the par value of $100.00, but all the stock never issued and a few shares were purchased from time to time with its funds and placed in the name of Alpha Holding Corporation.…