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Cameron M. 1.721 1.3
Ronald II 1.721 1.3
Kelly Long 1.721 1.3
Following decedent's gifts of January 1, 1975, the ownership of
CamVic's stock remained unchanged until decedent's death on
September 10, 1990.
CamVic's Subsidiaries
A. CamRon Corp.
CamRon Corp. (CamRon) was incorporated on August 19, 1965.
Of the 1,000 shares issued, CamVic held 610, Joseph Klawitter and
Joseph Westerhaus each held 145, and Edwin Fay held 100. The
shareholders paid $100 per share. At the time of decedent's
death, CamRon owned several real properties in Ohio and Missouri.
See infra p. 17.
On August 30, 1965, a Stock Retirement Agreement was
executed between CamRon and Messrs. Klawitter, Westerhaus, and
Fay. The agreement stated that "the Corporation will herein
agree to purchase the shares of the said stock of any of the
Stockholders in the event of his death, subject to all of the
terms and provisions hereof". CamRon would purchase the shares
of a stockholder upon his death for $100 per share. The
agreement also provided that, in the event a shareholder desired
to sell his shares during his lifetime, he was first required to
offer the shares to the corporation at the stated price per
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