Ontario Weekly Reporter and Index-Digest Volume 10

Ontario Weekly Reporter and Index-Digest Volume 10

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...working capital, 5 per cent. of the capital stock of the company should be retained as treasury stock, and not divided amongst the parties interested in the property to be transferred to the company. Neither Mr. Clarke nor Mr. Crawford expressed any dissent from these proceedings, and they were understood to acquiesce therein. Meantime the defendant John McMartin, who had been made a party to the action of MoLeod v. Lawson because he held an option to purchase the interests in the property in question which belonged to D011ald Crawford, Murdock McLeod, and John McLe0d, had, in reliance upon the settlement of 3rd April, paid over to these persons the purchase money under his option, and had become the owner of their interests. The Lawson Mine Limited having been incorporated WitH a capital stock of $5,000,000, as agreed upon, Murdock M0Leod, Donald Crawford, and Thomas Harold, as committee of John McLeod, at the request of John Mcl'lartin, executed a conveyance to the company of the three-quarters undivided interests awarded to these 3 parties by the judgment of ti? Court of Appeal. Demand was made upon Thomas Crawf0I'd for the conveyance of his one-quarter interest, and a conveyance thereof tendered him for execution. He refused to execute the same or to accept his portion of the shares of the capital stock of the company, as agreed upon at the meeting above mentioned. In answer to this motion counsel for Thomas Crawford set up that the judgment at the trial was obtained by Perjury on the part of Murdock McLeod; that Murdock McLeod and Donald Crawford concealed from Thomas Crawford another discovery _in which Thomas Crawford was interested 1111591' their agreement with him, and that, by reason of such fraudulent concealment, Thomas...
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Product details

  • Paperback | 388 pages
  • 189 x 246 x 20mm | 689g
  • United States
  • English
  • black & white illustrations
  • 1236986059
  • 9781236986054