(DOWNLOAD) "Weber v. Sutorius Bread Company" by Supreme Court of Kansas ~ Book PDF Kindle ePub Free
eBook details
- Title: Weber v. Sutorius Bread Company
- Author : Supreme Court of Kansas
- Release Date : January 10, 1959
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
The opinion of the court was delivered by This is an appeal from an order appointing a receiver. The petition, filed by plaintiff, J.K. Weber, against the
defendant, Sutorious Bread Company, a Corporation, on his own
behalf and purportedly on behalf of other debenture holders of
such company, discloses that plaintiff is the holder of certain
debenture bonds issued by the bread company as part payment for
the purchase of capital stock of the company from plaintiff
pursuant to an installment contract executed by the company and
plaintiff on November 25, 1957; that the par value of his bonds
is $3,500.00 and the total par value of the entire issue of the
bonds is $125,000.00; that such bonds bear interest at a rate of
four per cent per annum and are a prior obligation ahead of all
classes of stock of the company in the event of liquidation or
dissolution, but are subordinated to operating expenses of the
company; and that such bonds are to be retired in multiples of
$500.00 each from fifteen per cent of the net profits of the
company each year.