Central Trust Co. v. Creel

Opinion op the Court by

William Bogers Clay, Commissioner

'Affirming.

In the year 1901, C. L. Moreheacl purchased, for the sum of $1,600.00 cash, the surface of 200 acres of land near Central City, and entered into a written contract with B. F. Creel and M. P. Creel upon the following *116terms: The Creels were to subdivide the property into small tracts and lay off the necessary streets and alleys; the lots were to be sold at private sale at prices to be agreed on by the Creels and Morehead; out of the first sales the expense of subdivision was to be paid to the Creels and the purchase price of the…