CITY OF BETHANY v. MUNICIPAL SECURITIES COMPANY

No. 35187.

274 P.2d 363 (1953)

The CITY OF BETHANY, a Municipal Corporation, Plaintiff in Error, v. The MUNICIPAL SECURITIES COMPANY, a Business Trust, Defendant in Error.

Supreme Court of Oklahoma.

Rehearing Denied September 21, 1954.


Attorney(s) appearing for the Case

C.C. Andrews, Gilliland, Withington & Shirk, Oklahoma City, for plaintiff in error.

Creekmore Wallace, Pryor, for defendant in error.


ARNOLD, Justice.

In support of the allegations in its petition the plaintiff, Municipal Securities Company, offered evidence to show that it was a common law trust created in 1920 for a period of 20 years, as provided by statute, and within that time extended the trust; that it bought the property here involved in 1926; that in 1926 plaintiff constructed a dam across a creek flowing across its property thereby creating a six-acre lake at or near the center of its...

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