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FARMER v. CASSINELLI

303 S.W.2d 555 (1957)

Oscar FARMER et al., Appellants, v. Tony CASSINELLI et al., Appellees.

Court of Appeals of Kentucky.

June 21, 1957.

Attorney(s) appearing for the Case

W. M. Melton, Hazard, for appellants.

W. E. Faulkner, Hazard, for appellees.

CAMMACK, Judge.

In 1950, the appellants, Oscar Farmer and Henry Wombles, shareholders in the East Central Coal Company, acquired the remaining shares outstanding from the appellees, Tony Cassinelli, Erman Wertz and Peter Cassinelli. The appellees received in consideration a cash payment and two notes, one for $6,630.71 and one for $15,787.39, secured by a duly executed and recorded mortgage of East Central Coal Company. The mortgage was on the surface of the Company...

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