Fairview Mining Corp. v. American Mines & Smelting Co.

The grantors of plaintiff corporation, American Mines & Smelting Company, owners of mining properties in Boulder county, gave to'Allen Burris, the grantor of defendant, the Fairview Mining Corporation, a mining lease of, and option to buy, these properties. The purchase price, by written agreement of October 15, 1924, evidencing the transaction, was $150,000,' of which the sum of $25,000 was to be paid on or before October 15, 1925; $50,000 on or before .October 15, 1926; and the balance of $75,000 on or- before October 15, 1927. The lessee and holder of the option was required to enter upon…