Finley v. Spradley

294 S.W.2d 750 (1956)

C. S. FINLEY et al., Appellants,

v.

G. D. SPRADLEY et ux., Appellees.

No. 6901.

Court of Civil Appeals of Texas, Texarkana.

September 6, 1956.

Rehearing Denied October 18, 1956.

Turner & Bankhead, Carthage, for appellants.

Wardlow Lane, Center, for appellees.

DAVIS, Justice.

This is a declaratory judgment suit to determine the effects of two "term" mineral deeds in connection with certain oil and gas leases. The facts are stipulated and are as follows:

On July 22, 1936, G. D. Spradley and wife, Iva Spradley, conveyed to W. T. Bourn, Trustee, an undivided 15 acre mineral interest out…