Kulow v. Farmers Royalty Holding Co.

Charles Kulow acquired 251 acres of land in Austin County, Texas, in 1915, by a deed in. which the vendor’s lien was retained to secure an unpaid portion of the purchase money. By two deeds dated December 12, 1931, Kulow, joined by his wife, conveyed three-eighths of the minerals in this land to Farmers Royalty Holding Company and one-eighth of the minerals to G. T. Blankenship. The latter subsequently conveyed to Farmers Mutual Royalty Syndicate, Inc. These deeds purported to convey what may be termed perpetual and fully participating mineral and royalty interests and contained covenants of…