Steele v. Stanley

Opinion of the Court by

Judge Clay

Reversing.

On September 13, 1926, C. E. Steele executed and delivered to one R. H. Hayes a coal lease on a certain boundary of land in Pike county. The royalty provided by the lease was 10 cents per ton on coal sold at $1.50 per ton or under, 15 cents per ton on coal sold for more than $1.50 and less than $1.75 per ton, and 20 cents per ton when sold for $1.75 or more. Thereafter the lease was transferred with the consent of the lessor to the Stanley Coal Mining Company, a corporation, and the lessor entered into a supplemental lease with the corporation in…