WEST TEXAS REFINING & D. CO. v. COMMISSIONER OF INT. REV.

Nos. 815, 816.

68 F.2d 77 (1933)

WEST TEXAS REFINING & DEVELOPMENT CO. v. COMMISSIONER OF INTERNAL REVENUE. COL-TEX REFINING CO. v. SAME.

Circuit Court of Appeals, Tenth Circuit.

December 19, 1933.


Attorney(s) appearing for the Case

Chas. H. Garnett, of Oklahoma City, Okl., for petitioners.

Norman D. Keller, Sp. Asst. to Atty. Gen. (Pat Malloy, Asst. Atty. Gen., and J. Louis Monarch, Sp. Asst. to Atty. Gen., on the brief), for respondent.

Before LEWIS, PHILLIPS, and BRATTON, Circuit Judges.


PHILLIPS, Circuit Judge.

On June 2, 1925, the West Texas Refining & Development Company, a Delaware corporation, and its stockholders, the Hickok Producing Company and the Anderson-Prichard Oil Company, entered into a contract with the Standard Oil Company of California whereby they agreed to transfer to the Standard Company 50% of the capital stock of a corporation owning the refinery, pipe lines, and gathering lines then owned by the West Texas Company. The...

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