Union Land & Timber Co. v. United States

The plaintiff is a South Dakota corporation, incorporated in 1906. Its charter was amended in 1908. Under its charter as amended it was authorized to engage in the following activities: “To buy and otherwise acquire, lease, sell, mortgage, and otherwise dispose of and deal in lands and timber, and interests therein; to manufacture and otherwise acquire, sell, and otherwise dispose of rosin, spirits of turpentine, *133and all oilier wood and products and manufactures of wood; to buy, sell, and generally deal in merchandise of all kinds, all of which may be done anywhere in any State; and to…