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Authorities say a 12-year-old boy accidentally shot his 8-year-old brother with a gun he found in a closet at his grandparents' Baton Rouge home.more>> Authorities say a 12-year-old boy accidentally shot his 8-year-old brother with a gun he found in a closet at his grandparents' Baton Rouge home.more>> The Tangipahoa Parish School Board will use rededicated sales tax revenue, cuts to transportation services, elimination of a perfect-attendance salary bonus and a one-time reduction in the board-mandated minimum fund balance.more>> The Tangipahoa Parish School Board will use rededicated sales tax revenue, cuts to transportation services, elimination of a perfect-attendance salary bonus and a one-time reduction in the board-mandated minimum fund balance.more>> Police are investigating a fatal accident Sunday morning that left an unidentified man dead.more>> Police are investigating a fatal accident Sunday morning that left an unidentified man dead.more>> The National Flood Insurance Program has set up a hotline to provide information to Louisiana residents.more>> The National Flood Insurance Program has set up a hotline to provide information to Louisiana residents.more>> It's all about the odds, and one lone ticket in Florida has beaten them all by matching each of the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials said Sunday.more>> It's all about the odds, and one lone ticket in Florida has beaten them all by matching each of the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials said Sunday.more>> The incident happened Saturday afternoonmore>> The incident happened Saturday afternoonmore>> 1500 jobs could be in jeopardy if the Algiers-Canal Street ferry goes out of service because of lack of funding. That's according to a local non-profit who recently surveyed riders.more>> 1500 jobs could be in jeopardy if the Algiers-Canal Street ferry goes out of service because of lack of funding. That's according to a local non-profit who recently surveyed riders.more>> The battle to recall St. Tammany Parish Coroner, Dr. Peter Galvan is heating up in a major way.more>> The battle to recall St. Tammany Parish Coroner, Dr. Peter Galvan is heating up in a major way.more>> Police are investigating two fatal shootings that left a 37-year-old man dead in Central City and a 20 -year-old man dead in the Florida area.more>> Police are investigating two fatal shootings that left a 37-year-old man dead in Central City and a 20 -year-old man dead in the Florida area.more>> The New Orleans Police Department is investigating a shooting in the 1200 block of Horace Street that killed a woman Friday night.more>> The New Orleans Police Department is investigating a shooting in the 1200 block of Horace Street that killed a woman Friday night.more>>
The Win or Lose Corporation was formed on November 20, 1934 in New Orleans. The original documentation shows James Noe, New Orleans hotel owner Seymour Weiss, and Huey P. Long's secretary Earle Christenberry as the officers of the company. But later documents reveal the following members of Win or Lose, along with their share of the company:
- James Noe – 31 shares
- Huey Long – 31 shares
- O.K. Allen – 31 shares
- Seymour Weiss – 24 shares
- Earle Chistenberry – 1 share
- Alice Grosjean – 1 share
Some historians allege Grosjean was Long's mistress.
Sometime in 1941, Win or Lose Corporation was renamed the Independent Oil and Gas Company.
On February 21, 1951, Independent Oil and Gas dissolved. The liquidation put the shares of the soon-to-be lucrative oil leases into the hands of individuals, and not a corporation.
For the many years following, those shares would be passed down. Now more than 200 heirs reap the benefits from State Lease 340, which today encompasses 78,454 acres of oil- and gas-rich land and water bottoms.
