Custis v. Serrill

Opinion by

Mr. Justice Maxey,

By an agreement made November 29, 1926, the Reading Company and the Baltimore and Ohio Railroad Company leased to Horace P. Serrill, for a term of twenty-five years, a cold storage warehouse building which the lessors were then constructing in connection with a joint perishable products terminal in Philadelphia. A month later, as had been contemplated when the agreement was entered into, Serrill assigned the lease, with the consent of the lessors, to the Quaker City Cold Storage Company, a corporation of which he was the president and controlling stockholder. The…