Group No. One Oil Corp. v. Bass

WEST, District Judge.

The submission of the case is on its merits, an agreed statement of facts, and waiver of jury. Plaintiff sues for refund of taxes as unlawfully collected because assessed on incomes received arising from instruments styled “Oil and Gas Leases” executed by the state of Texas, lessor, to the plaintiff, of certain described lands belonging to- the state of Texas and the University of Texas, by the terms of which plaintiff acquired all of the oil and gas to be produced, the state to receive therefor a consideration in cash of an amount equal to the value of one eighth of the…