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LINCOLN COUNTY v. PACIFIC SPRUCE CORPORATION

No. 5371.

26 F.2d 435 (1928)

LINCOLN COUNTY, OR., et al. v. PACIFIC SPRUCE CORPORATION.

Circuit Court of Appeals, Ninth Circuit.

May 21, 1928.

Attorney(s) appearing for the Case

Martin L. Pipes, John M. Pipes, and George A. Pipes, all of Portland, Or., and W. H. Waterbury, of Toledo, Or., for appellants.

Wallace McCamant and W. Lair Thompson, both of Portland, Or., for appellee.

Before GILBERT, RUDKIN, and DIETRICH, Circuit Judges.

RUDKIN, Circuit Judge.

On December 17, 1920, the United States Spruce Corporation, as vendor, entered into a contract with the Pacific Spruce Corporation, as purchaser, wherein the vendor agreed to sell and the purchaser agreed to buy certain timberlands and other property owned by the vendor in Lincoln county, Or. The purchase price of $2,000,000 was payable in installments, and the contract provided that the title to the...

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