Murdock v. Sure Oil Corporation

Appellants instituted this suit against the appellee corporations in the chancery court of Union County to cancel the assignment of an qil lease to the SW14, SE%, section 16, township 16 south, range 15 west in said county, which assignment was executed by appellants and others to Sure Oil Corporation for a consideration of $200,000, to be paid out of the first 7/16 of the first oil and gas produced from the leased premises, which sold same to the Federal Oil & Marketing Corporation on condition that it would perform all the covenants contained in said assignments. It was alleged that…