Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
0287
mobile dealership in Fort Pierce from the wife's father. The pur- chase price was $23,000. The business did well and in 1960 was incorporated under the name of Al Johnson Motors, Inc. The hus- band and wife each owned 50 shares of stock in the corporation. The stock in the corporation was divided among the parties and their three children in 1968. At the time of the final hearing, the parties owned the automobile dealership and the vacant lot behind it. They also owned a building and property leased to Sambo's Restaurant includ- ing a parking lot to the same restaurant. A vacant lot behind the restaurant and a marital home were also titled in the parties' names. The rental income from these sources was being equally divided after paXment of mortgages and related expenses. At the time of the hearing, the husband had been voted out of control in •the automobile dealership and had been relieved of his position as manager and president. The husband was attempting to enter upon a real estate career. The wife had assumed husband's former posi- f S tion in the automobile dealership and was earning a salary. The ~ ~ wife testified that the expenses directly related to the minor ~ _ daughter were $156.75 per week. In the final judgment, the trial court awarded the wife the autom©bile dealership property and the rarital ho~~~e. The. husband was awarded the vacant lot behind the automobile dealer- ship, the Sambo's Restaurant property and parking lot and the vacant lot to the rear. The court awarded custody of the .minor child to the wife and ordered the husband to pay child support of $25.00 per week plus one-half of the private schod~l tuition for the child's education. The court awarded attorneys' fees to the wife of $5,000 and costs. During the trial, the parties stipulated that the trial court could make an equitable distribution of all jointly owned properties. This request was also contained in the plead- t ings of the parties. In the final judgment, the trial. court stated as follows: -2- X342 P~~~ 287 -