Staton Springs Park Company v. Keesee

Opinion op the Court by

Commissioner Sandidge—

Affirming in part and reversing in part.

Appellant, Staton Springs Park Company, is a Kentncky corporation with its chief office and place of business in Pikeville, Kentucky. In the spring of 1924 it held a lease on a certain tract of land situated on1 Road fork of Pond creek in Pike county, Kentucky, on which there were several sulphur springs. The corporation was organized and the lease on the land was taken in the belief that the property could be improved and profitably operated as. a summer resort. Appellant corporation entered into a contract…