OKLAHOMA-TEXAS TRUST
v.
SECURITIES AND EXCHANGE COMMISSION.
Circuit Court of Appeals, Tenth Circuit.https://leagle.com/images/logo.png
January 5, 1939.
January 5, 1939.
Attorney(s) appearing for the Case
Elmer J. Lundy, of Tulsa, Okl. (Rupert F. Bippus, of Chicago, Ill., Poe, Lundy & Morgan, of Tulsa, Okl., and Bippus, Rose, Burt & Pierce, of Chicago, Ill., on the brief), for petitioner.
Lewis M. Dabney, Jr., of Washington, D.C., and O. John Rogge, of Chicago, Ill. (Chester T. Lane, Herbert B. Cohn, and Raoul Berger, all of Washington, D. C., on the brief), for respondent.
Before LEWIS, PHILLIPS, and WILLIAMS, Circuit Judges.
Circuit Court of Appeals, Tenth Circuit.
PHILLIPS, Circuit Judge.
On December 7, 1935, the Oklahoma-Texas Trust,1 an express trust, was organized under the laws of Oklahoma, for the purpose of engaging in the business of acquiring, owning, and operating oil and gas leases. A. J. Diffie, W. E. Brown, H. I. Shanks, and V. H. Van Horn were named as trustees in the declaration of trust. It authorized and directed the trustees to issue 107,000 participating interests or units, to...
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