Stanley v. Slone

Opinion op the Court by

Judge Rees

Affirming.

The appellant,’A. L. Stanley, owns a tract of land in Magoffin county, Kentucky, which contains 150. acres. Some time prior to August 9,1920, he had executed to S. 5. Elam an oil and gas lease, reserving as royalty one-eighth of any oil produced under this lease and a cash rental for each producing .gas well. On August 9, 1920, appellant and his wife executed to appellees a deed, the consideration and granting clause of which is as follows: “That said party of the first part, for and in consideration of the sum of $2,000.00, the receipt of which is…