Lloyd's Estate v. Mullen Tractor & Equipment Co.

This appeal is from a final decree wherein the court below cancelled an oil and gas lease as a cloud upon the appellee’s title to approximately 2,000' acres of land in Amite County, Mississippi, and assigned as grounds therefor (1) that it is a perpetual lease, contrary to the public policy of the State of Mississippi, (2) that it is in violation of Section 2117, Code of 1930', (3) that the lessee, his heirs and assigns, had violated an implied covenant to develop1 the property for oil and gas within a reasonable time, and (4) that such lease is so ambiguous in its nature, and so…