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Wayne White | Managing Editor
Osage City has filed a lawsuit seeking a judgment of $735,000
from a former president of Kan Build Inc., John W. Samples,
of Burlingame.
In a petition filed Dec. 14 in Osage District Court, Osage
City’s attorney, Frederick Godderz, states that Samples
signed and executed an agreement that obligated him to guarantee
payment of a promissory note between Kan Build and the city.
Court documents indicate the funds represented a loan to Kan
Build, received by the city as a community development block
grant from the Kansas Department of Commerce and Housing.
“The Defendant was President of Kan Build Inc. at the
time of the signing of the guaranty agreement and requested
the loan from Plaintiff to Kan Build Inc. and as an inducement
and condition of Plaintiff making the loan that Defendant
agreed to and did execute the personal guarantee,” the
petition states.
The petition says the promissory note, executed May 24, 2006,
was in default and payments had not been made according to
the terms of the note.
For the complete story, subscribe to the print or online
edition of The Osage County Herald-Chronicle at www.och-c.com/subscribe.html.
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