Minnesota Loan & Trust Co. v. Medical Arts Building Co.

1 Reported in 255 N.W. 85. This is an appeal from a judgment in favor of the plaintiff upon the pleadings. The complaint alleges and it is admitted in the answer that the plaintiff is a testamentary trustee under the will of Stephen G. Harris, who was the owner of certain lots on Marquette avenue in Minneapolis. May 5, 1925, it leased these premises for 99 years to the Capitol Realty Company, an Iowa corporation, which covenanted to pay $10,000 per year, in quarterly instalments, until July 31, 1936, when other rates were to go into effect. The Capitol Realty Company took immediate…