Gamer v. Love

41 S.W.2d 356, 1931 Tex. App. LEXIS 1348
CourtCourt of Appeals of Texas
DecidedMay 30, 1931
DocketNo. 12455.
StatusPublished
Cited by6 cases

This text of 41 S.W.2d 356 (Gamer v. Love) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Gamer v. Love, 41 S.W.2d 356, 1931 Tex. App. LEXIS 1348 (Tex. Ct. App. 1931).

Opinion

*357 DUNKLIN, J.

On October 19, 1925, a judgment was rendered by the district court of Dallas county in favor of Ralph M. Love and Gus Savano-vitcli against the Gamer Paper Company for the sum of $1,920.S0, with 6 per cent, interest thereon. That judgment was rendered upon a verdict which had theretofore been returned in that case on March 11, 1925. An abstract of that judgment in terms of the statutes was filed and recorded in the office of the county clerk of Tarrant county on November 21, 1925, in which county the Gamer Paper Company had its principal office and place of business. On June 20, 1925, four months prior to that judgment and about three months after the return of the verdict, the Gamer Paper Company, by Chas. Gamer, Sr., president, executed a deed of conveyance to Chas. Gamer, Sr., to lots 9, 10, and 11 in block 2, Daggett addition to the city of Port Worth, which deed was filed for record in the deed records of Tarrant county on June 24, 1925.

On April 19, 1927, execution was issued on the above-mentioned judgment, directed to the sheriff or any constable of Tarrant county, and was by the sheriff of that county levied on the real estate above described, on April 20, 1927.

On May 20, 1927, Chas. Gamer, Sr., joined by his wife, executed a deed of conveyance to the same property to his son, Charles J. Gamer, and that deed was duly recorded in the deed records of Tarrant county.

In the deed from the Gamer Paper Company to Chas. Gamer, Sr., the consideration and purpose of that conveyance was recited as follows:

“Whereas, the Gamer Paper Company, a corporation, of Port Worth, Texas, is the legal owner of the real estate and premises hereinafter described;
“Whereas, Chas. Gamer, Sr., President of said corporation, has become by purchase, and is now, the owner, of all of the shares of capital stock of said corporation, and is now the sole and only stockholder thereof;
“Whereas, said corporation has ceased to engage in the business for which it was created or to exercise the rights and privileges conferred upon it by its charter, and it is the intention of the said Chas. Gamer, Sr., in the near future to effect the dissolution of said corporation;
“Now, therefore, know all men by these presents:
“That the Gamer Paper Company, a corporation duly incorporated under and by virtue of the laws of the State of Texas, having its principal office in Port Worth, Texas, acting herein by and through Chas. Gamer, Sr., its President, in consideration of the premises, and for the purpose of transferring the legal title of the property hereinafter described to the beneficial owner thereof, has granted, sold and conveyed and by these presents does grant, sell and convey unto Chas. Gamer, Sr., of Port Worth, Tarrant County, Texas, all and singular the following described real estate situated in Tarrant County, Texas, viz: ” (Here follows description of the property.)

• The consideration recited in the deed from Chas. Gamer, Sr., and wife, to Charles J. Gamer, is as follows:

“Por and in consideration of the sums assumed and paid and agreed to be paid .by Charles J. Gamer as follows:
“(a) The assumption of the balance remaining unpaid upon an issue of Eighty-Pive Thousand ($85,000.00) Dollars Pirst Mortgage seven per cent, serial gold bonds, dated June 1, 1923, and secured by deed of trust of that date on the hereinafter described property in favor of the Interstate Trust •& Banking Company and Henry M. James, Trustee;
“(b) The assumption of the payment of state, county and city taxes for the year 1927, upon the hereinafter described property;
“(c) The execution by the grantee herein of a series of notes aggregating Eighty Thousand ($80,000.00) Dollars, said notes being sixteen (16) in number, payable to the order of Charles Gamer, Sr., for the principal sum of Five Thousand ($5,000.00) Dollars each, of even date herewith, ,due and payable on June 1, 1923, to June 1, 1949, respectively, bearing interest from date and for the first six (6) years at the rate of three per cent. (3%) per annum, and thereafter until maturity at the rate of five per cent (5%) per annum, interest payable semiannually on June 1st and December 1st of each year as it accrues; bearing interest after maturity at the rate of eight per cent (8%) per annum, both principal and interest being payable in the City of Port Worth, Tarrant County, Texas, and said notes providing that the failure to pay any one of them or any installment of interest thereon when due shall, at the election of the holder theréof, mature all of said notes; and further providing for the payment of ten per cent (10%) additional upon principal and accrued interest as attorneys’ fees should same be placed in the hands of attorneys for collection.”

After the levy of the execution mentioned above, Chas. Gamer, Sr., and Charles J. Gamer instituted this suit to enjoin the sale of the property under that writ.

A temporary writ of injunction was issued restraining the sale of the property pending the trial of the suit on its merits; but on the final trial that writ was dissolved and a judgment was rendered denying plaintiffs their prayer that the temporary writ be made permanent; and further decreeing a can7 cellation of the deed from the Gamer Paper Company to Chas. Gamer, Sr., and the deed *358 from Chas. Gamer, Sr., and wife to Charles J. Gamer; also a cancellation of the notes given by Charles J. Gamer to Chas. Gamer, Sr., as recited in the deeds to Charles J. Ga-mfer. The judgment further decreed that the filing of the abstract of judgment, recited above, and the levy of the execution fixed valid liens on the property in controversy, which were superior to the claims of title under both the deeds above referred to, both of which liens were foreclosed and the property ordered to be sold by the sheriff to satisfy the judgment recovered by Ralph M. Love and Gris Savanovitch against the Gamer Paper Company. Erom that judgment the plaintiffs have prosecuted this appeal.

By cross-action Love and Savanovitch claimed valid liens by the filing of the abstract of judgment and the levy of the execution, which they prayed be foreclosed as against both plaintiffs. They also alleged that the conveyance to the president of the company was contrary to the provisions of articles 3996 (as amended by Acts 40th Leg. [1927] e. 30, § 1 [Vernon’s Ann. Civ. St. art. 3996]), and 3997, Rev. Civ. Statutes of 1925, by the terms of which that conveyance was a fraud as against the creditors; and further that the conveyance was made for the purpose of defrauding the judgment creditors of the corporation, including the plaintiffs, and that the same was made without consideration.

By supplemental pleadings and trial amendment, the truth of the allegations in the cross-action were put in issue.

The case was tried before a jury, and, after the evidence was concluded, the court instructed a verdict in favor of the defendants over plaintiffs’ objection, and rendered a judgment in accordance .with the verdict returned in obedience to that instruction.

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Bluebook (online)
41 S.W.2d 356, 1931 Tex. App. LEXIS 1348, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gamer-v-love-texapp-1931.