Cohen v. L. & G. Investment Co.

The plaintiff and her deceased husband were the sole stockholders of The City of Paris, a corporation. October 6, 1924, the corporation, as lessee, entered into a lease with defendant, The L. & Gr. In vestment Company, a corporation, as lessor. The term of the lease was for ten years, with a monthly reht reserved of $1,100. At the time the lease was executed, the lessee deposited $11,000 with the lessor, to .guarantee the faithful performance of its covenants. It was expressly stipulated that $1,100 of such amount he applied on the rent due for the month of October of each year of the term.…