Payne v. Bracken

Mr. Judge German

delivered the opinion of the Commission of Appeals, Section A.

Prior to October 22, 1929, J. S. Kimbrough owned an undivided 3/32 interest in and to all oil, gas and other minerals in, on and under 40 acres of land in Van Zandt County. On the date mentioned Kimbrough, Van McPhail and J. D. Wiley associated themselves together for the organization of a corporation to be known as the East Texas Oil Corporation. They caused a charter to be prepared in due form, executed same, and im mediately forwarded it to the Secretary of State with proof concerning subscription to and payment…