American Liberty Oil Co. v. State

WILLIAMS, Justice.

This is a suit against the American Liberty Oil Company, defendant below, to recover taxes on realty with foreclosure of tax lien allegedly due to the State of Texas, Gre'gg County, Common School Districts Nos. 4, 7, and 8, and the Gladewater County Dine Independent School District, on interests possessed by defendant in the Sabine River bed in Gregg County. The alleged taxable interest in the land is that interest acquired by Rhoads Drilling Company under the provisions of certain written contracts executed by the Board of Mineral Development of Texas for the exploration…