Williams v. J. M. High Co.

Atkinson, Justice.

(After stating the foregoing facts.) The granting of the privilege to J. M. High Company to renew the lease, as set forth in item 8 of the will under consideration, if otherwise valid, would subject the property therein described to the possibility of a renewal and re-renewal of a lease of the premises in perpetuity, as in contemplation of law the life of a corporation may be so extended. There is authority in this State to the effect that a lease may be executed in perpetuity. It was so held in Atkinson v. Orr, 83 Ga. 34 (9 S. E. 787), where a vacant city lot was leased for…