Federal Land Bank v. Union Central Life Insurance

In 1916, Martin Albrethsen acquired title to what is referred to as' the Kingsbury ranch, including the N.%NE.% see. 8, and the E.%E.% Fractional Sec. -5, Tp. 1 S., R. 19 E., B. M., to which described land a water right of 105 inches, with a priority of May 1, 1886, had been decreed by the Frost decree adjudicating the waters of Wood River, December 13, 1909. The entire Kingsbury ranch consists of about 713 acres, with a total decreed water right of about 750 inches. At the same time in 1916, Martin Albrethsen acquired the so-called Buller ranch, adjoining the Kingsbury ranch to the south,…