Thomas v. Warner-Quinlan Co. of Texas

FUNDERBURK, Justice.

J. Elmer Thomas and Holier Oil Corporation, who for convenience will be referred to as assignors, in pursuance of a contract dated July 1, 1929, on that day assigned to Warner-Quinlan Company of Texas, a corporation, who will be referred to as assignee, twelve described oil and gas leases upon lands situated in Eastland county, Tex. These leases will be referred to as eleven, since one had already expired at the time of the assignment. The recited consideration for the eleven leases was the obligation of the assignee to pay or to cause, to be paid to the assignors “from…