Steinberger Petroleum Corp. v. Whitley

WALKER, Chief Justice.

On the 22d day of January, 1934, appel-lee, L. O. Whitley, and his wife executed to J. P. Peterson a mineral lease on a certain tract of 250 acres of land owned by them, in the Hugh B. Means league in Liberty county; one condition of the lease read as follows: “If operations for drilling are not commenced on said land on or before one year from this date this lease shall then terminate as to both parties unless on or before such anniversary date lessee shall pay or tender to lessor or to the credit of lessor in Farmers State Bank at Cleveland, * * * the sum of One dollar…