Packard v. Illinois Trust & Savings Bank

John A. Packard being the owner of real estate in the city of Chicago having a frontage of 120 feet on Jackson boulevard and 100 feet on Morgan street, leased the same to Michael J. Howard and Lazarus Berwin for a term of ninety-nine years from July 'i, 1890. The lessees agreed to pay as rent $2800 per year, to pay the taxes, assessments and water rates, and to erect on the premises an apartment building costing not less than $40,000, which the lessor at the termination of the lease was either to purchase at the appraised value, or extend the lease thirty-three years at an annual rent equal…