Chain O'Mines, Inc. v. Williamson

On May 29, 1930', the plaintiff in error Chain O ’Mines, Incorporated, at that time the owner of a considerable number of mining claims, entered into an agreement with the defendant in error Harry M. Williamson, whereby the Chain 0 ’Mines leased several claims in Gilpin county to Williamson for a term commencing May 29, 1930, and ending February 26, 1935, with the option to him to purchase said property at any time during the term of the lease for $10,000. The royalties theretofore paid, upon the exercise of the option, were to apply on the purchase price. The agreement was recorded on…