Grube v. Nick's No. 2

McGILL, Justice.

Appellant B. H. Grube at' all relevant times was the record owner of lots 2, 3, 4, 5 and 6 in Block 25, Belmont Subdivision to the Town of Midland, Midland County, Texas. On January 1, 1952, he leased said property to Nick’s No. 2, a Texas corporation, for a period of twenty years commencing January 1, 1952 and ending on the last day of December, 1972. Nick’s No. 2 was a Texas corporation. It had an authorized capital stock of $1,000, $500 of which was paid for. By Section 4 of the lease the lessee agreed to make such improvements and erect such building on the leased premises…