Hudson v. Outram

Opinion of the Court by

Judge Clay

Affirming.

Frank Hudson and George Collins, together with J. B. Outram, Dr. IL W. Miller and others, were joint owners of an oil and gas lease on 56 acres of land in Magoffin county, and the interest of Hudson and Collins *79amounted to 29/64 of the entire property. In the conduct of the business, the joint owners used the trade name of the Warrick Petroleum Company, and the business was conducted under the trustee system; that is, the owners selected a trustee with full power to operate the property and assess each of the owners his pro rata part of the expenses.…