Regents of the University of Oklahoma v. Bailey

DAVISON, Justice.

H. E. Bailey, Dr. C. Q. Smith and Earl Welch, Trustees, were petitioners and The Regents of the University of Oklahoma was respondent in the trial court. We will refer to them respectively as the Trustees and the Regents.

Trustees instituted this action in the lower court alleging they were the duly acting Trustees of the Testamentary Trust of Joseph L. Daniel; that the trust .had accomplished the purpose for which it was created; and that the term of the trust had expired. Trustees asked the court to assume general superintending power over the trust for the purpose of…