District Judge RAPER delivered the opinion of the court.
On February 4, 1963, the board of directors of Laramie Rivers Company, a Wyoming corporation, met. The minutes of that meeting reflect that the secretary reported that W.E. Hitchcock and C.A. Hitchcock, both defendants in this action, had tendered to him a certified check in the amount of $27,000 for the purchase of 270 shares of capital stock of the company to insure water storage in Lake Hattie for the City...
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