Murphy v. Argonaut Oil Co.

The validity of a sale by J. P. Straughan in September, 1922, as receiver for the Argonaut Oil Company, to W, B. Scott of certain oil and gas leases situated in Comanche county, Tex., is • involved in this controversy. The Argonaut Oil Company is a corporation organized under the laws of the state of Delaware, and during March, 1922, and prior thereto, maintained an office in New York, where the meetings of its board of directors were held. Prior to July 3, 1922, the corporation held permit to do business in Texas, but such permit was canceled by the state on the last named date. The…