Compania Mexicana Refinadora Island, S. A. v. Compania Metropolitana de Oleoductos, S. A.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtPboskaoeb, J.
Defendants, hereafter called Oleoductos and Capuchinas, are Mexican corporations. Their entire capital stock is owned by a Virginia corporation, the Island Oil and Transport Company. That corporation also owned all the stock of a Delaware corporation known as the Island Oil Marketing Corporation. The stock of the defendants is pledged to the New York Trust Company, as trustee, under a deed securing an issue of some $5,000,000 of bonds. On the 20th day of March, 1922, by order of the United States District Court for the Southern District of New York, receivers in equity were appointed for the…
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