Sayre College v. General Assembly of Presbyterian Church of United States

Opinion op the Court by

Clay, Commissioner

Affirming.

This action was brought by Sayre College and its trustees for a declaration of rights to determine whether or not it had authority to enter into two leases of land owned by it. One lease had a ten year term with an option to renew for an additional ten years, and the other lease had a ninety-nine year term. The Chancellor authorized the college to enter into the first of the foregoing leases, but denied its right to énter into the second one.

In 1860 David A. Sayre and his wife conveyed to Sayre Female Institute in fee simple a tract of. real…