Little Rock Municipal Airport Commission v. Arkansas Valley Compress & Warehouse Co.

Ed. F. McFaddin, Justice.

The present case is a sequel to that of Arkansas Valley Compress v. Morgan, 217 Ark. 161, 229 S. W. 2d 133, sometimes hereinafter referred to as “the first case,” which must be read for an understanding of the background of the present case. The first case vas filed April 2, 1948, decree rendered in the Chancery Court on July 2, 1949, and opinion of this Court delivered on April 17, 1950. We there held that Arkansas Valley’s lease from the City of Little Rock was valid, and we incorporated this paragraph in the concluding portion of that opinion:

“Negotiations for…