EASTERN OKLAHOMA TELEVISION COMPANY, INC. v. AMECO, INC.

No. 128-68.

437 F.2d 138 (1971)

EASTERN OKLAHOMA TELEVISION COMPANY, INC., an Oklahoma corporation, and Clear-Vue, Inc., an Oklahoma corporation, Appellees (Plaintiffs below), v. AMECO, INC., a corporation (Defendant and Third-Party Plaintiff below), v. Jack ELDRIDGE, Thomas E. Kemp and Troy O. Melton, Appellants (Third-Party Defendants below), v. Bill HOOVER, Appellee (Intervenor below).

United States Court of Appeals, Tenth Circuit.

February 3, 1971.


Attorney(s) appearing for the Case

Austin R. Deaton, Jr., Ada, Okl., for Eastern Oklahoma Television Co., and another.

Frank H. Jaques, Ada, Okl. (Stanley Huser, Jr., Holdenville, Okl., with him on the brief), for Jack Eldridge, Thomas E. Kemp and Troy O. Melton.

Charles R. Nesbitt, Oklahoma City, Okl., for Bill Hoover.

Before LEWIS, Chief Judge, and PICKETT and HICKEY, Circuit Judges.


PICKETT, Circuit Judge.

The basic issue presented by this appeal, as it was at the trial of the case, is whether corporate stock allotted to the organizers of an Oklahoma corporation in consideration of services rendered and property furnished satisfied the Oklahoma constitutional and statutory requirements for the valid issuance thereof. The issue arose from allegations of third-party defendants and an intervening stockholder in an action for damages brought by the...

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