Gearhart v. West Lumber Company

Mobley, Justice.

1. Where a deed in consideration of $10 was executed by a corporation and delivered, purporting to convey fee-simple.title to a tract of land, which deed contained an agreement that the property “will be used for county school purposes only, and should this provision be violated, the grantor herein shall have the right to purchase the above property for $2,000,” such clause did not create a conditional estate dependent upon a condition subsequent. Johnson v. Hobbs, 149 Ga. 587 (2) (101 S. E. 583).

2. The owner of realty may legally sell it to another at an agreed price, and at…