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BLANCHARD v. COMMONWEALTH OIL COMPANY

91 So.2d 803 (1956)

William Gregg BLANCHARD, Appellant, v. COMMONWEALTH OIL COMPANY, a Florida corporation; Florida Exploration Company, a Florida corporation; Cracker Oil Company, a Florida corporation; J.L. McCord, Henry Driggers, Frank J. Pepper and Thomas H. Anderson, Appellees.

Supreme Court of Florida. Special Division A.

Rehearing Denied January 22, 1957.

Attorney(s) appearing for the Case

Taylor & Burr, Miami for appellant.

Anderson & Nadeau, Miami, for appellees.

Hall, Hedrick & Dekle, Miami, for Mary B. Ermentrout, as amicus curiae.

PER CURIAM.

In 1940 William G. Blanchard secured an oil or mineral lease from the Trustees of the Internal Improvement Fund on 7,000 acres of off-shore lands in Dade and Monroe Counties. Litigation following this lease resulted in placing title to it in a corporation known as Florida Exploration Company. February 1, 1950, the corporation adopted by-laws providing its management and control be vested exclusively in a board of directors; that by reason of the settlement...

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