Wilgus v. Indian Lake Amusement Co.

37 N.E.2d 210, 34 Ohio Law. Abs. 369, 1941 Ohio App. LEXIS 967
CourtOhio Court of Appeals
DecidedJune 5, 1941
DocketNo 873
StatusPublished

This text of 37 N.E.2d 210 (Wilgus v. Indian Lake Amusement Co.) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wilgus v. Indian Lake Amusement Co., 37 N.E.2d 210, 34 Ohio Law. Abs. 369, 1941 Ohio App. LEXIS 967 (Ohio Ct. App. 1941).

Opinion

OPINION

By GUERNSEY, J.

This case comes to this court on an. appeal by The Indian Lake Amusement Company, a defendant below, from a judgment of the Court of Common Pleas of Logan County, Ohio.

The case originated in the Common Pleas Court of Logan County, by the filing therein by French L. Wilgus as plaintiff, of a petition for declaratory judgment against The Indian Lake Amusement Company as defendant. Subsequently, on motion of The Indian Lake Amusement Company, Lincoln D. Arthur, Ruth Wilgus and the Russells Point Resort Company were made parties defendant and entered their appearance therein. Subsequently the defendant The Indian Lake Amusement Company filed its amended answer and cross-petition in said action wherein it asked for injunctive relief against plaintiff and its co-defendants as to the subject matter concerning which plaintiff sought a declaratory judgment.

By stipulation of the parties, the cause has been submitted to this court upon the transcript of the proceedings had and evidence taken upon the trial of the cause in the Common Pleas Court.

The pleadings upon which this case stands for trial in this court are the petition of the plaintiff, the amended answer and cross-petition of the defendant The Indian Lake Amusement Company, the reply thereto of plaintiff, and the answer thereto of the defendants Lincoln D. Arthur, Ruth Wilgus and The Russell Point Resort Company.

The defendant The Indian Lake Amusement Company is the assignee of all the right, title and interest of Louis W. Greiner and Charles F. Horvath in, to and under a certain contract in writing and entered into between Louis W. Greiner, Charles F. Horvath, French L. Wilgus, Samuel L. Wilgus and The S. L. Wilgus Company under date of April 15, 1936, and of all the right, title and interest of the said Louis W. Greiner and Charles F. Horvath in the [371]*371property and property rights thereby and therein vested or acknowledged to be vested in the said Louis W. Greiner and Charles F. Horvath therein described.

The written contract referred to is in the words and figures following, to-wit:

“AGREEMENT.
. “This agreement made and executed by and between Louis W. Greiner, Charles F. Horvath, French L. Wilgus, Samuel L. Wilgus and The S. L. Wilgus Company, this 15th day of April, 1936 Witnesseth that:
“Whereas, the said Louis W. Greiner and Charles F. Horvath are the assignees of a certain option made and executed by the said Samuel L. Wilgus and French L. Wilgus to Milton C. Harrold, granting to the said Milton C. Harrold, or assignees, the privilege of purchasing the stock owned by the said Samuel L. Wilgus and French L. Wilgus in The S. L. Wilgus Company upon certain terms and conditions; and
“Whereas, the said Louis W. Greiner and Charles F. Horvath desire to exercise said option; and
“Whereas, the said French L. Wilgus and Samuel L. Wilgus have refused and now refuse to abide by or recognize said option and do deny the validity thereof; and'
“Whereas, the condition, value and amounts of the assets and indebtedness of The S. L. Wilgus Company have changed materially since the execution of said option; and
“Whereas, it is the desire of the parties hereto to settle and adjust the questions arising under or growing out of said options and the execution thereof, and to compromise their respective claims without recourse to litigation;
“Now, therefore, it is agreed by and between the said Louis W. Greiner, Charles F. Horvath, Samuel L. Wilgus and French L. Wilgus, that this agreement or contract be, and it hereby is, substituted for and supersedes and takes the place of said option and/or any and alJ other contracts, agreements or understandings which have or may-have heretofore existed between the parties thereto and/or between the parties hereto, or any of them, and The S. L. Wilgus Company, and that this agreement shall be and is a full compromise and settlement of all rights, duties and obligations existing between the parties hereto; and for that purpose, and in consideration of the mutual release by all of the parties herein of all rights, duties, obligations and claims heretofore existing, it is hereby covenated and agreed:
“That the said French L. Wilgus and Samuel L Wilgus shall this day transfer, assign and deliver to the said Louis W. Greiner and Charles F. Horvath all of their right, title and interest in and to the shares of stock owned by them in the S. L. Wilgus Company.
“That the said Louis W. Greiner and Charles F. Horvath, shall, and do hereby, confirm and ratify, and shall this day, as majority shareholders and directors of The S. L. Wilgus Company, confirm and ratify on the minutes of said company, all and every act and action heretofore made and done by the S. L. Wilgus Company and/or its directors and officers in the distribution, application and disbursement of the money heretofore received as insurance upon the dance hall destroyed by fire; and confirm and. ratify all payments heretofore made upon the indebtedness of the said The S. L. Wilgus Company, except that any and all rights or claims which the said Louis W. Greiner and Charles F. Horvath and The S. L. Wilgus Company have or may have against M. C. Harrold and/or S. N. Arni on account of payments made to the said M. C. Harrold and/or the said S. N. Arm are hereby saved; and confirm and ratify the action of The S. L. Wilgus Company, and/or its directors and officers, on March 25, 1936, in paying to French L. Wilgus the balance then remaining in its treasury (in the approximate sum of nine hundred dollars) as partial satisfaction of the indebtedness of said Company to said French L. Wilgus; and confirm and ratify the action of The S. . L. Wilgus Company, and/or its directors and officers, in bar[372]*372gaining', selling and conveying to French L. Wilgus, in satisfaction of the remainder of his claims against the said Company, the following personal property: One large size, barrel type Moslet time-lock safe, and all buildings, chattels, equipment furniture and furnishings and other personal property of every kind and nature owned by The S. L. Wilgus Company (and not already owned Dy the said French L. Wilgus! and situated or located upon the land leased by Ruth Wilgus from the State of Ohio on the west side of the Lagoon at Russells Point, Ohio.
“That the said Louis W. Greiner and Charles F. Horvath, for themselves and for The S. L. Wilgus Company, hereby waive and release any right, title or interest in, or any claims to any and ail property, real, personal or mixed, situated or located on the west side of the Lagoon in Russells Point, Ohio, and give the said French L. Wilgus full and clear title thereto.
“That the said French L. Wilgus and Samuel L. Wilgus hereby waive and release any right, title or interest in, or any claim to any and all property, real, personal, or mixed, situated or located on the west side of the Lagoon in Russells Point, Ohio, save and except a certain one story, five or six room cottage built by Samuel L. Wilgus and located on said east side, which cottage is heréby mutually agreed shall" be the property of French L. Wilgus and which cottage he shall remove from said east side on or before the 31st day of May, 1936, and except household goods and personal effects of Samuel L.

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Bluebook (online)
37 N.E.2d 210, 34 Ohio Law. Abs. 369, 1941 Ohio App. LEXIS 967, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wilgus-v-indian-lake-amusement-co-ohioctapp-1941.