Peterson v. Donelley

THE COURT.

In this matter three suits have been consolidated for trial as they all grow out of the following facts:

In 1922 the John P. Mills Organization, a corporation, established three trusts, designated as K,"L and N, consisting of acreage divided into units which were sold at $400 a unit. These trusts were formed for the purpose of developing the lands therein described for oil and gas, and unit certificates were sold to raise the funds necessary to pay for and develop these tracts.

Under the authority of the trusts the John P. Mills Organization, during 1922 and 1923 sold these units to…