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SECTION SEVEN CORPORATION v. ANGLIM

No. 10253.

136 F.2d 155 (1943)

SECTION SEVEN CORPORATION v. ANGLIM.

Circuit Court of Appeals, Ninth Circuit.

May 25, 1943.

Attorney(s) appearing for the Case

Louis H. Brownstone, of San Francisco, Cal., for appellant.

Samuel O. Clark, Jr., Asst. Atty. Gen., Sewall Key, Paul S. McMahon, and Louise Foster, Sp. Assts. to Atty. Gen., and Frank J. Hennessy, U. S. Atty., and Esther B. Phillips, Asst. U. S. Atty., both of San Francisco, Cal., for appellee.

Before GARRECHT, HANEY, and HEALY, Circuit Judges.

GARRECHT, Circuit Judge.

Section Seven Corporation was organized in 1937 for the purpose of acquiring the interest of tenants in common to certain land situated in Fresno County, California. It acquired the property and issued its stock therefor to the tenants in common. Thereafter, on June 3, 1938, it entered into a lease with Seaboard Oil Company of Delaware whereby the latter was granted the exclusive right to explore...

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