Moore v. Jones

Opinion.

BUCK, J.

W. H. Jones, on October 23, 1922, assigned a lease for oil and gas on a certain 40-acre tract of land in Wichita county. By the terms of the assignment, the as-. signee, W. M. Moore, paid $3,000 in cash, and the assignment further provided:

“W. H. Jones is to receive, as part consideration for this sale and transfer, and the assignment of said lease, $3,000, with interest on said amount from the date of this transfer at the rate of 10 per cent, per annum; said amount to be paid in oil from the production of said land, the said lessee or his assigns, to properly develop the…