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PUGET SOUND PULP AND TIMBER CO. v. O'REILLY

No. 14906.

239 F.2d 607 (1956)

PUGET SOUND PULP AND TIMBER CO., a corporation, Appellant, v. Joe A. O'REILLY, Appellee. Joe A. O'REILLY, Cross-Appellant, v. PUGET SOUND PULP AND TIMBER CO., a corporation, Cross-Appellee.

United States Court of Appeals Ninth Circuit.

Rehearing Denied February 11, 1957.

Attorney(s) appearing for the Case

Evans, McLaren, Lane, Powell & Beeks, Vaughn E. Evans, Martin P. Detels, Jr., W. Byron Lane, Seattle, Wash., for appellant Puget Sound Pulp & Timber Co.

Rummens, Griffin, Short & Cressman, Kenneth P. Short, Seattle, Wash., Max Bernbaum, Beverly Hills, Cal., for appellant Joe A. O'Reilly.

Before LEMMON and FEE, Circuit Judges, and MURRAY, District Judge.

MURRAY, District Judge.

On May 22, 1946, Joe A. O'Reilly and Puget Sound Pulp and Timber Company entered into an agreement, which among other things provided that a corporation, to be known as Bellingham Paper Products Company was to be formed with a capital stock of $200,000, of which O'Reilly was to contribute a paperboard machine and $2,000 in cash for a total contribution valued at $50,000, and receive one-fourth of the capital stock, and Puget Sound Pulp and...

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