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"Alex Moye, Jr., Judy Moye & Rosewood Kennels, Inc. T/A Southern
Police Dog Academy" under "Insured and Address".
3. Invoices
In April and May 1990, Pete W. Onni (Onni), an employee of
petitioners' police dog training school, sent invoices totaling
$16,300 to police departments for equipment and 520 hours of dog
handler training. The invoices were on letterhead for "Southern
Police Dog Academy, a division of Rosewood Kennels, Inc." The
letterhead stated that petitioner was president, Mr. Moye was
secretary/treasurer, and Onni was director.
4. Petitioners' Conveyance of Land to Rosewood Kennels,
Inc.
On June 2, 1990, petitioners conveyed 26 acres of land by
deed to Rosewood Kennels, Inc.
G. The SBA Loan Closing on June 2, 1990
The SBA loan closed on June 2, 1990. At the closing,
petitioner signed a document entitled "Compensation Agreement for
Services in Connection with Application and Loan from [Or in
Participation With] Small Business Administration" beneath
"Rosewood Kennels, Inc. (Applicant)" and above "Judy H. Moye,
President". Petitioner also signed an SBA settlement statement
for Rosewood Kennels, Inc.
At the loan closing, petitioners each signed personal
guaranties for the $500,000 loan. The guaranties stated that the
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Last modified: May 25, 2011