Moran v. Ferrell

In January, 1932, J. L. Moran and his wife leased to Claude Ferrell and Fred M. Standley, copartners, a tract of approximately 40 acres in Greer county, of which approximately ten acres had been platted and dedicated as a town site. The lease was for a period of one year, with provisions for extensions for three additional years; gave to the lessees the privilege of removing gravel from the land; provided for a royalty of five cents for each truckload of gravel removed, with an advance royalty or rental of $100, and a minimum rental of $25 for each year in which (he lessees exercised the…