Southwestern Investment Corp. v. City of Los Angeles

The plaintiff has appealed from an adverse judgment in an action seeking to establish a trust for dumping rights on a portion of certain real estate acquired by the city of Los Angeles, known as the Blue Diamond Pit and located at Washington Boulevard and Alameda Street in said city. On May 13,1927, the plaintiff acquired from the owner, Henry G. Weyse, an exclusive leasehold right to use the pit for dumping purposes until the same should be filled, paying therefore a royalty of 50 per cent of all dumping fees received by plaintiff from third persons. On November 22, 1929, for a consideration…