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PORTA v. WATTS

No. 1913.

109 F.2d 966 (1940)

PORTA et al. v. WATTS et al.

Circuit Court of Appeals, Tenth Circuit.

February 12, 1940.

Attorney(s) appearing for the Case

O. L. Lupardus, of Tulsa, Okl. (Robt. W. Raynolds, and Underwood, Canterbury, Pinson & Lupardus, all of Tulsa, Okl., on the brief), for appellants.

Royce H. Savage, of Tulsa, Okl. (Eugene O. Monnet, of Tulsa, Okl., on the brief), for appellees.

Before PHILLIPS, HUXMAN, and WILLIAMS, Circuit Judges.

WILLIAMS, Circuit Judge.

The parties will be referred to as follows: The United Royalty Company as "United," its managing trustee as "Watts, trustee," the Liberty Royalties Corporation as "Liberty."

The United Royalty Company is a trust estate organized and existing under the laws of Oklahoma under a written declaration of trust executed on August 11, 1922. Two million beneficial interests were authorized and 1,940...

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