Ferguson v. Ragland

Appellee brought this suit against appellant to recover the sum of $3,000,.the contract price of an oil and gas lease. The original lease was dated June 23, 1918, expiring April 21, 1921, by and between appellees and the Henry Oil Company. Appellant acquired by due course of transfer the lease contract. The leased premises are described in the original contract, and among other considerations the sum of $1,000 cash. The contract provided it was to remain in full force for a term of 18 months, and to continue as long thereafter as oil or gas, or either of them, is produced from said land by…