Arkansas Mineral Products Co. v. Creel

Appellee — the plaintiff below — alleged, and offered testimony tending to establish, the following facts. She is the widow and sole devisee under the will of her husband, S. H. Creel, who, prior to July 22, 1924, owned an eighty-acre tract of land in Saline County, upon which he thought there was a valuable1 clay deposit. He and J. M. Ensor organized a corporation known as the Arkansas Mineral Products 'Company, each taking 799 shares of the capital stock of the f ace value of $5 each. Two shares were issued to A. W. Hall. The corporation took over the tract of land owned by Creel, which was…