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HARTFORD ACCIDENT & INDEM. CO. v. PETROLEUM R. CO.

No. 1064.

24 F.Supp. 759 (1938)

HARTFORD ACCIDENT & INDEMNITY CO. v. PETROLEUM ROYALTIES CO. OF OKLAHOMA et al.

District Court, N. D. Oklahoma.

September 9, 1938.

Attorney(s) appearing for the Case

H. R. Williams, of Tulsa, Okl., and W. E. Robertson, of Oklahoma City, Okl., for plaintiff.

A. F. Moss and H. R. Young, both of Tulsa, Okl., for defendant.

MURRAH, District Judge.

The facts in this case are not in dispute. The Petroleum Royalties Company, a trust estate, was created according to law in the year of 1925 for the purpose of investing the proceeds of beneficial certificates in oil and gas royalty, the income from which was to be distributed by the trustees thereof to the holders of beneficial interest therein as their interest appear.

There were more than two million preferred certificates sold to...

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