(DOWNLOAD) "Hogue V. Superior Utilities Inc." by New Mexico Supreme Court * Book PDF Kindle ePub Free

eBook details

Title: Hogue V. Superior Utilities Inc.
Author : New Mexico Supreme Court
Release Date : January 25, 1949
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 59 KB

Description

The appellants owned all of the stock of the defendant corporation, which operates a gas distribution system in Hot Springs, New Mexico. They sold the stock to the defendant George W. Lewis pursuant to a contract entered into on March 27, 1946, and received in payment therefor cash, property, the assumption by the corporation of a mortgage due an Albuquerque bank the payment of which had been guaranteed by them, and the note of the corporation to the plaintiffs for $18,973.87 payable $1,000 annually beginning April 1, 1947, secured by mortgages on the personal and real property of the corporation.