Republic Supply Co. v. Clark

STONE, Circuit Judge.

This is an action begun by H. E. Clark (revived in his executors) to recover upon eight promissory notes and, in support thereof, to impress a vendor’s lien upon an oil and gas lease, the improvements thereon, and the proceeds from sale of certain oil produced therefrom. The notes were part of the price paid for the assignment of an oil and gas lease made by the lessees (Clark and another) to the Magna Producing Company.' The Magna Transportation Company had indorsed the notes. The Republic Supply Company had become a creditor of the Magna Producing Company du'ring the…