Hirschi v. United States

Plaintiff and his wife entered into a lease with the Tex-homa Oil and Helming Company and J. J. Perkins, dated January 10, 1923, by which they leased certain land owned by them in the State of..Texas'“ for the sole and only purpose of mining and operating for oil and gas and laying pipe lines and building tanks, towers, stations, and structures thereon to produce, save, and take care of said products.” As consideration for this lease they were to receive $101,815.00, of which $38,815.00 was to be in cash, and a promissory note for $38,000.00, the balance of $25,000 to be paid out of…