Legal Opinion

In Re Assessment of Alleged Omitted Property of Kennedy

Supreme Court of Oklahoma

Decided May 12, 1936No. 24053PublishedCited by 15 opinions

1Opinion of the CourtGibson, J.

This is a proceeding to assess omitted property pursuant to the tax ferret statute, section 12346, O. S. 1931, brought here from the county court of Osage county.

On December 18, 1916, Samuel G. Kennedy and William A. Springer entered into a written contract with the Osage-Hominy Oil Company whereby Kennedy and Springer agreed to sell, and did thereby sell, to said Osage-Hominy Oil Company one-half interest in and to an oil and gas mining lease covering certain lands in the Osage reservation. Thej recited consideration was $6,025,000 to be placed in escrow in a New York bank as follows: A note…

2Cases cited17 opinions

  1. Anderson v. RitterbuschSupreme Court of Oklahoma · 1908
  2. Jones v. United StatesSupreme Court of the United States · 1878
  3. Fraley, Adm'r v. WilkinsonSupreme Court of Oklahoma · 1920
  4. Paraffine Oil Co. v. CruceSupreme Court of Oklahoma · 1916
  5. Prince Co. v. St. Louis & S. F. Ry. Co.Supreme Court of Oklahoma · 1925

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3Cited by15 opinions

  1. Franklin v. Margay Oil Corp.Supreme Court of Oklahoma · 1944
  2. Lechner v. HallingWashington Supreme Court · 1950
  3. In the Matter of Charley Paul McClain Bankrupt. Fred W. Woodson, Trustee v. Utica Square National Bank of TulsaCourt of Appeals for the Tenth Circuit · 1971
  4. J. R. Fulton, D/B/A J. R. Fulton & Company v. L & N Consultants, Inc.Court of Appeals for the Tenth Circuit · 1983
  5. In Re Continental Resources Corporation, DebtorCourt of Appeals for the Tenth Circuit · 1986

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