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ARN v. OPERATORS ROYALTY & PRODUCING CO.

No. 816.

13 F.Supp. 769 (1936)

ARN et al. v. OPERATORS ROYALTY & PRODUCING CO. et al.

District Court, N. D. Oklahoma.

March 3, 1936.

Attorney(s) appearing for the Case

F. E. Riddle and O. G. Rollins, both of Tulsa, Okl., for complainants.

Glenn Alcorn, of Tulsa, Okl., W. V. Pryor, of Sapulpa, Okl., and R. W. Raynolds, of Tulsa, Okl., for defendants Dunnett, Cloud, and Disney.

Conner & Winters, of Tulsa, Okl., for First Nat. Bank & Trust Co. of Tulsa, as trustee.

Saul A. Yager, of Tulsa, Okl., and C. C. Madison and Harvey Roney, both of Kansas City, Mo., for Roy S. Randerson and L. B. Randerson.

FRANKLIN E. KENNAMER, District Judge.

Ray M. Dunnett purchased two oil and gas royalty interests under lands in Gray county, Tex., for a total consideration of $22,000, which was paid by notes executed by Dunnett and Disney, Wheeler, Alcorn, and Cloud. This group organized the Operators Royalty Company and transferred the two royalty interests to it in consideration of all of its authorized capital stock of 200,000 shares. The stock was issued and divided among the...

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