Jones v. Gibbs

WALTHALL, Justice.

On the 30th day of April, 1923, J. B. Jones and Helen M. Jones executed to ap-pellees a certain timber deed, conveying the merchantable timber on the Seaborn A. Mills survey in Walker county, consisting ■of 1,981.2 acres. The deed provided ten years’ free time in which to remove said timber and also for five years additional time paying to the grantors IS cents per acre per year, or depositing such amount to their credit in the First National Bank of Huntsville, Tex., in advance. Said deed further provided that the grantees should pay 80 per cent, of the taxes to be assessed…