Schrader v. Texas Co.

On August 27, 1947, a bill of interpleader was filed herein by the appellee, The Texas Company, as the admitted holder of a valid oil and gas lease, and so as to implead as defendants the holders of the record title of a part of certain undivided mineral interests in two forty-acre tracts of land, who had acquired the same through one Pres Cochrane, purchaser at three guardian sales thereof respectively, made on July 1, 1944, under decrees of the chancery court in proceedings brought by the appellant, Cecil C. Schrader, as guardian of four of his minor children, and the respective guardians…