City of Kiel v. Frank Shoe Manufacturing Co.

It appears from the allegations of the complaint that the city of Kiel entered into an arrangement with the Frank Shoe Manufacturing Company on the 11th day of June, 1940, by which it was agreed that the Frank Shoe Manufacturing Company should move its plant to the city of Kiel; that the same should be rent and tax free for a period of five years, and upon the expiration of that period, if the company had performed its part of the agreement, the city was to convey certain real estate to the company free and clear of all incumbrances and liens. The city further agreed that the assessed…