Murphy v. Schuster Springs Lumber Co.

The litigation herein arises between the vendor and the purchaser of standing timber, and turns upon the proper construction of the italicized portions of this paragraph of the written contract of sale:

“Said timber to be cut and removed from said lands within five years from the date of this conveyance, with the option and privilege of extending this eontraot for not exceeding three years from, the expiration hereof on lands upon which timber has not been cut, by the payment to the undersigned grantors, by the W. T. Smith Lumber Company, the sum of fifty cents per acre per year for the time…