McMillan v. Farmers' Bonded Warehouse

Appellee was organized as a corporation pursuant to statute (Crawford & Moses’ Digest, § 10404 et seq.) for the purpose of operating a warehouse in the town of Mena. The statute reads as follows:

“Section 10420. Corporations chartered hereunder shall have the right to erect, purchase or lease and operate warehouses, buildings, elevators, storage tanks, silos, and such other places of storage and security as may be necessary for the storage, grading, weighing and classification of cotton, wool, wheat, corn, rice, alfalfa, fruit, silage and other farm, orchard and ranch products, and all…