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GREER INV. CO. v. BOOTH

No. 691.

62 F.2d 321 (1932)

GREER INV. CO. et al. v. BOOTH et al.

Circuit Court of Appeals, Tenth Circuit.

December 19, 1932.

Attorney(s) appearing for the Case

Elmer J. Lundy, of Tulsa, Okl., for appellant Petroleum Royalties Co.

A. F. Moss, of Tulsa, Okl. (M. A. Breckinridge and H. R. Young, both of Tulsa, Okl., and Edward G. Fletcher, of Providence, R. I., on the brief), for appellees.

Before COTTERAL, PHILLIPS, and McDERMOTT, Circuit Judges.

PHILLIPS, Circuit Judge.

The Petroleum Royalties Company, hereinafter called the Trust, is a common law trust organized by a declaration of trust dated September 19, 1925, in which the Greer Investment Company, hereinafter called the Investment Company, was grantor, and F. H. Greer, L. L. Greer, and J. A. Ruffer were trustees.

The declaration of trust provided a capital stock of two million dollars, divided into one million preferred shares and one million...

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