Reed v. Phillips

On the 28th day of March, 1934, appellant, O. P. Reed, entered into a written agreement with appellee whereby he leased to appellee during the months of April to December, inclusive, 1934, his ice plant in'the town of Rison, consisting of the west twenty-five feet of lot 4 and all of lot 5 in block 9 in said town and all the buildings, machinery and fixtures thereon, for the sum of $2,000 to be paid in monthly installments beginning May 1, and ending September 1,1934. The contract further provided for an option for the appellee to buy the property for the sum of $5,000, of which the $2,000…