CATE v. PAGEL-CLIKEMAN CO., INC.

Gen. No. 66-109.

87 Ill. App.2d 65 (1967)

230 N.E.2d 387

Lynn H. Cate, Plaintiff-Appellee, v. Pagel-Clikeman Co., Inc., an Illinois Corporation, M. Lamont Clikeman and Ralph M. Dickman, Defendants-Appellants.

Appellate Court of Illinois — Second District.

Rehearing denied October 26, 1967.


Attorney(s) appearing for the Case

Miller, Thomas, Hickey and Collins, of Rockford, for appellants.

Williams, McCarthy, Kinley and Rudy, of Rockford, for appellee.


MR. JUSTICE MORAN delivered the opinion of the court.

This case involves forty shares of the common stock of Pagel-Clikeman Co., a farm implement dealer in the City of Rockford. Kenneth Pagel, the President and owner of one-third of the stock, being the forty shares now in issue, died leaving the stock to Barbara A. Welch and Mary J. Murphy. On March 22, 1960, those parties entered into an agreement with the corporation wherein they sold their stock to the corporation...

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