Candler v. Smyth

The plaintiffs projected their petition on the theory that the contract is a lease of realty, and prayed that it be set up and declared as such. For all purposes of the case it will be so treated as against the plaintiffs. In the nineteenth clause of the contract it was stipulated: “This contract . . shall continue in effect for a term of two years from the date hereof. Sixty (60) days before the expiration of this contract” the second parties “shall be given the refusal of the privilege of operating for an additional five (5) year period. Such additional extension of time shall be upon such…