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ROTH v. WALLAR

Nos. 55521, 55522 and 55624.

462 S.W.2d 741 (1971)

Don ROTH, et al., Coreceivers of Presidential Investment Company, Inc., Appellants, v. L. Ermalee WALLAR, et al., Respondents.

Supreme Court of Missouri, Division No. 2.

February 8, 1971.

Attorney(s) appearing for the Case

Max W. Foust and Duke W. Ponick, Jr. of Morris, Foust, Moudy & Beckett, Kansas City, for appellants.

C. William Kramer, Piedimonte & Cochran, Independence, for respondents.

BARRETT, Commissioner.

These consolidated appeals by receivers of Presidential Investment Company are from summary judgments in favor of defendants, the makers of three notes. The cause involves, allegedly, Article 11, Section 7 of the Constitution as implemented by RSMo 1969, §§ 351.160 and 351.165 V. A.M.S.; from the Constitution "No corporation shall issue shares * * * except for money paid * * *," and from one of the statutes; "No note * * * shall be...

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