Selber Bros. v. Newstadt's Shoe Stores

HAMITER, Justice.

Under a written contract of date May 19, 1937, plaintiff leased to the defendant •partnership the premises known as 425 Milam Street in the City of Shreveport to "be used as a shoe store. This contract of lease, being a renewal or extension of one originally entered into between the parties in 1933, covered a period of one year ■commencing January 1, 1938, and ending December 31, 1938; and it obligated the defendant to pay a stipulated minimum monthly rental of $200 and in addition thereto the amount by which six per cent <of the gross sales in each month would ■exceed the…