Continental Nat. Bank of Fort Worth v. Smith

Prior to, and upon, the 15th day of March, 1923, the Ocean Oil & Refining Company, a so-called joint-stock association or common-law trust, had on deposit with the Continental National Bank $8,830.82. It owned certain oil producing and production properties in Eastland county. It had (about) 2,500 “stockholders” residing in various parts of the world; the exact places of residence of many of them were unknown, but some of them resided in Coleman county. The legal ■title to its properties was vested in three trustees. Joe Z. Brooks and R. Brooks (each of whom resided in Coleman county) and M.…