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IN RE WILLIAMS PETROLEUM CORPORATION

No. 26094.

12 F.Supp. 85 (1935)

In re WILLIAMS PETROLEUM CORPORATION.

District Court, S. D. California, Central Division.

September 13, 1935.

Attorney(s) appearing for the Case

Sherman & Sherman, of Los Angeles, Cal., for George H. Prout.

Hubert F. Laugharn, of Los Angeles, Cal., for debtor.

Raphael Dechter, of Los Angeles, Cal., for temporary trustee.

Charles C. Montgomery, of Los Angeles, Cal., and W. Ward Johnson, of Long Beach, Cal., for Fred, Alta, and Gus Weise.

COSGRAVE, District Judge.

On January 12, 1935, Fred Wiese and others, the owners of the land, granted to Williams Petroleum Corporation a fee-simple title, subject to certain taxes and recorded restrictions, but "reserving unto the grantors and heirs and assigns 17½% of all gas, oil and hydrocarbon substances." The deed was recorded a few days thereafter. Later, on March 28, 1935, and as part of the same transaction, the parties to the deed entered into a separate...

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