Matthews v. Ramsey-Lloyd Oil Co.

The opinion of the court was delivered by

Dawson, J.:

This action arose over the construction of a contract whereby plaintiff sold and assigned an oil and gas lease to the defendant corporation.

On October 23,1922, G. L. Ramsey and certain other owners and tenants in common of 160 acres of Butler county land (S% NE1/^ and S% SE1^, 1-24-5 east) executed a lease of it to one S. W. Preston for the purpose of mining and operating for oil and gas. The lease term was for five years and as long thereafter as oil or gas should be produced on the premises.

One dollar was paid by the lessee, and .further…