Blue Ridge Metal Manufacturing Co. v. Proctor

Opinion by

Mr. Justice Barnes,

This is a bill in equity to set aside the forfeiture of a lease. The plaintiff:, the assignee of a ninety-nine year lease, dated July 12, 1906, was the tenant of a certain min property located on the Susquehanna River, in Susquehanna County. The lease provides for a fixed annual rental of $500, and an option to purchase the property at any time during the term for $6,000; it requires the payment of the rent on the due dates without demand, and authorizes termination thereof without notice or demand for non-payment of rent; it further stipulates that acceptance of…