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MILAM v. COOPER CO.

No. 3076.

258 S.W.2d 953 (1953)

MILAM v. COOPER CO., Inc. et al.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied June 11, 1953.

Attorney(s) appearing for the Case

Witt, Terrell, Jones & Riley, Waco, for appellant.

Naman, Howell & Boswell, Waco, for appellees.

McDONALD, Chief Justice.

This case is a suit by certain minority stockholders of The Cooper Company, Inc., for themselves and on behalf of the corporation, to set aside a loan in the amount of $292,954.33 made by the directors of The Cooper Company and later confirmed by the stockholders, to J. R. Milam, Jr., and for judgment against Milam for the amount of the loan, plus interest at 4 per cent, together with foreclosure of lien of 2005 shares of The Cooper Company...

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