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At the time of the agreement on August 20, 1979,
Air Florida stock was valued at $6.00 per share. Thus, the
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6,250 shares would have a maximum marke~-value of $37,500.
In addition, Plaintiff would be entitled to interest at the
legal rate from said date on this amount. Since this was an
exchange and trade, Defendant would be entitled to -the 200
shares of stock of Golden South from Plaintiff. This was a
closely held corporation and its stock was not publicly traded.
It is thereupon
ORDERED and ADJUDGED:
1. Plaintiff, Wallace K. Taylor takes nothing by
Count I of the Amended Complaint for specific performance, and
Defendant, Steve Alex, goes hence without day as to this Count.
2. Plaintiff, Wallace K. Taylor, recover from De-
fendant, Steve Alex, the sum of $41,460.26, together with court
costs, for which let execution issue.
3. When Defendant pays Plaintiff the amount provided
in Paragraph 2 above, Plaintiff shall within three (3) days from
receipt of this payment convey and transfer the 200 shares of
Golden South Airlines, Inc. stock to Defendant.
4. Costs shall be taxed at a later date upon motion.
5. Jurisdiction is reserved for such further relief
as may be necessary.
DONE and ORDERED this day of December, 1980.
Copies furnished to:
Samuel A. Block, Esq.
John E. Sherrard, Esq.
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SC~59Q
1980 DEC -8 AM 11~ 54
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X344 -,~1287