- 4 -
$500.3 Of the five voting shares of CamVic issued at its
inception, two shares were held by decedent, one share was held
by Marcella, and two shares were held by Victor Fay.
At the time of decedent's death, CamVic owned and managed
real property in Ohio, Indiana, and Florida. See infra p. 16.
Ronald, who began working at CamVic in 1959, drew the plans for
and supervised the construction of several of CamVic's
properties. Ronald was also responsible for the management and
maintenance of the properties.
As of May 11, 1965, the ownership of CamVic was as follows:
Individual Shares Owned
Decedent 131
Marcella 1
Victor Fay 88
On this date, Victor Fay sold his entire interest in CamVic to
the corporation for $21,654.16 and was replaced by Ronald on the
board of directors.
On June 21, 1971, CamVic was merged with two other
corporations owned by the Bommer family--Bommer Road Golf Course,
Inc.4 (BRGC), and Bommer Builders, Inc.5 CamVic was the
3Decedent was initially employed in the building trades; for
several years prior to 1954, decedent and Victor Fay operated a
partnership known as Bommer Builders.
4BRGC was incorporated on Oct. 13, 1969. The record
contains no evidence with respect to the amount of any capital
contributions to BRGC. BRGC began operations in 1970 with a
(continued...)
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011