Smith v. Louisiana Oil Refining Corp.

VAN VALKENBURGH, Circuit Judge.

April 24, 1920, plaintiffs in error, plaintiffs below, with their wives, executed an oil and gas lease to one E. R. Ratcliff, named as trustee. This lease, so far as material to this controversy, provides :

“The said lessor for and in consideration of twelve thousand five hundred and no/ioo dollars, cash in hand paid, and other good and valuable considerations, the receipt of which is hereby acknowledged, and of the covenants and agreements hereinafter contained on the part of the lessee to be paid, kept, and performed, has granted, conveyed, demised, leased, and…