Collins v. Gee

SMITH, Chief Justice.

H. H. Collins, Carr P. Collins, John L. Horan, and H. W. Gee, all citizens of Dallas, and close friends as well as business associates for many years, purchased, in 1929, a tract of farm land in Nueces county, upon'which an insurance company held a mortgage lien to secure their indebtedness of approximately $23,000. The owners conveyed the title to the land to the American Trust Company, which held it in trust for them. The owners operated the land and divided the revenues derived therefrom among themselves, according to their several respective interests, which differed…