Cooke v. Coronado Oil Co.

Opinion by

RAY, C.

April 8, 1917, the Coronado Oil Company, a New Jersey corporation with its principal office in Newark, N. J., of which George G. Cooke, plaintiff in error, plaintiff below, was president and general manager, ;owned certain oil and gas leases in Nowata, Tulsa, and McIntosh counties in this state and, desiring to buy other oil lands, borrowed $150,000 from Wm. Allen Black, a Canadian citizen, and mortgaged the property to secure its payment. Later, Cooke executed mortgages upon 8,000 acres of land held by him in trust for the company as additional security for the.$150,000 so…