JONES, Judge.
The plaintiff became the owner, by purchase, of the vessel Governor Cobb, on April 7, 1939. The price paid was $75,000, of which $21,000 was paid in cash and the balance in preferred stock of the plaintiff company of the par value of $54,000.
On June 5, 1942, the War Shipping Administration, pursuant to the Merchant Marine Act of 1936, as amended, 46 U.S. C.A. § 1101 et seq., requisitioned the use of the vessel and stores aboard, and on...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
