United States v. Continental Oil Co.

DAUGHERTY, District Judge.

This litigation involves the interpretation and construction of a written covenant in a quitclaim deed of land and improvements from the plaintiff, the United States of America, as grantor, to the defendant, Continental Oil Company, as grantee. The covenant reads as follows:

“Grantee covenants and agrees that in the event Grantee uses the facilities of the said Plancor 882 for extracting toluene from hydroformate within a period of eight (8) years from and after June 1, 1948,-grantee shall and will pay an additional sum of Two Thousand Six Hundred Sixty-Five Dollars…