Publix Theatres Corp. v. Powell

Mr. Judge RYAN

delivered the opinion of the Commission of Appeals, Section B.

In February, 1920, D. W. Powell, defendant in error, was the owner of the “Grand Theatre Building” and equipment, known as the “Grand Theatre” in the City of Marshall. The real estate on which the building was located was owned by Mrs. M. A. Dial.

In February, 1920, Powell leased the building and equipment to H. S. and H. A. Cole for the term of fifteen years, beginning March 1, 1920, the consideration being an annual payment of $6000.00 in advance on the. 1st day of March, each year, to evidence which fourteen joint…