State ex rel. St. Paul & Duluth Railroad v. Young

March 27, 1883, the railroad company, relator» executed to the firm of Bliss & Elliott a contract to convey to them 20,390.84 acres of land in the county of Carlton for the price of $153,147.63, secured by the notes of the firm, the last of which was-, to become due May 1, 1892. The contract contained conditions im respect to cutting and sawing into lumber the timber standing on the-land, which gave it its chief value. Upon compliance with the terms, of the contract, and payment of the purchase price, the vendor agreecL to convey the land; but in case of default the vendor was to have…