Fourseam Block Collieries Co. v. John P. Gorman Coal Co.

Opinion of the Court by

Creal, Commissioner

Affirming.

On November 1,1915, the Hazard Coal Corporation, which owns a large acreage of coal land in Perry and other counties in Kentucky, leased a block of its undeveloped land on Buffalo creek in Perry county to certain individuals who proposed to and did thereafter organize a corporation known as the Fonrseam Block •Collieries Company. It was agreed in the lease that, when the corporation was so organized and surveys by accurate metes and bounds had been completed, a formal lease between the lessor and the company would be entered into and the…