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POWELL v. OLD TEXAS MINING & OIL COMPANY

No. 6937.

332 S.W.2d 398 (1959)

Roy POWELL, Appellant, v. OLD TEXAS MINING & OIL COMPANY and Blanton W. Burford, Appellees.

Court of Civil Appeals of Texas, Amarillo.

Rehearing Denied January 4, 1960.

Attorney(s) appearing for the Case

Scurry, Scurry, Pace & Wood, Dallas, for appellant.

Turner, White, Atwood, McLane & Francis, Dallas, for appellees.

NORTHCUTT, Justice.

Roy Powell originally brought this action against Old Texas Mining & Oil Company to recover $98,000 damages contending that under the terms of certain representations and the two written contracts between them that the company agreed to issue and deliver to him common stock of the company of a reasonable market value of $100,000, but had issued to him stock of the value of only $2,000 and thereby damaged him in the sum of $98,000. Under the...

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