Puget Sound Pulp and Timber Co., a Corporation v. Joe A. O'reilly, Joe A. O'reilly, Cross-Appellant v. Puget Sound Pulp and Timber Co., a Corporation, Cross-Appellee

239 F.2d 607 PUGET SOUND PULP AND TIMBER CO., a corporation, Appellant, v. Joe A. O'REILLY, Appellee. Joe A. O'REILLY, Cross-Appellant, v. PUGET SOUND PULP AND TIMBER CO., a corporation, Cross-Appellee. No. 14906. United States Court of Appeals Ninth Circuit. December 31, 1956. Rehearing Denied February 11, 1957. 1 Evans, McLaren, Lane, Powell & Beeks, Vaughn E. Evans, Martin P. Detels, Jr., W. Byron Lane, Seattle, Wash., for appellant Puget Sound Pulp & Timber Co. 2 Rummens, Griffin, Short & Cressman, Kenneth P. Short, Seattle, Wash., Max Bernbaum, Beverly Hills, Cal., for appellant Joe A. O'Reilly. 3 Before LEMMON and FEE, Circuit Judges, and MURRAY, District Judge. 4 MURRAY, District Judge. 5 On May 22, 1946, Joe A. O'Reilly and Puget Sound Pulp and Timber Company entered into an agreement, which among other things provided that a corporation, to be known as Bellingham Paper Products Company was to be formed with a capital stock of $200,000, of which O'Reilly was to contribute a paperboard machine and $2,000 in cash for a total contribution valued at $50,000, and receive one-fourth of the capital stock, and Puget Sound Pulp and Timber Company was to contribute…