California National Supply Co. v. Black

According to the complaint in this action, plaintiff secured a judgment in the sum of $4,777.88 for goods, wares, and merchandise sold and delivered by it to the Cat Canyon Oil Company, against that company, previous to the commencement of this action; that an execution was thereafter duly issued and returned by the sheriff satisfied to the extent of $1,937.65, and no more—leaving a balance of $2,869.93 thereon unpaid and unsatisfied at the time of the commencement of this action; and that on two occasions subsequently executions were issued, and the sheriff of Santa Barbara County attempted to levy on property of the Cat Canyon Oil Company for such latter amount, but that upon each occasion the execution was returned wholly unsatisfied.

It is alleged that the Cat Canyon Oil Company was incorporated and organized with a capital stock of $500,000 divided into 500,000 shares of the par value of one dollar each. It also is alleged, ‘ ‘ on information and belief, ’ ’ that prior to July 25, 1910, a certain lease of certain described land had been given by,one M. J. McCroskey, as lessor, to L. M. McCroskey, as lessee, giving the latter the right to drill and to exploit the same for…