Ward v. Daugherty

Opinion op the Court by

Chiep Justice McCandless

Affirming.

Appellants, Onie Ward, Lida Ward, and Annie Ward, on the 10th day of July, 1924, executed an oil and gas lease to C. E. Daugherty on 127 acres of land in Ohio county, Ky., to remain in force for the term of one year from its date, and as long thereafter as oil and gas should ¡be produced. The consideration for this lease was $750* in cash paid, j.nd, in addition thereto, the usual covenants for the payment by lessee of the net value of one-eighth of the oil produced and of $100 annually on producing gas wells and to furnish the lessor…