Dodd v. Kane

Berl Dodd commenced this action against C. C. Kane and Floyd Good for the declaration of a trust. At trial the following state of facts was shown:

*157On March 21, 1945, the plaintiff purchased an oil and gas lease covering a certain described 40-acre tract of land. The lease was for a term of one year commencing on March 21, 1945, said term to be extended if drilling operations be commenced during the term and be continued with due diligence and for as long as oil or gas be produced as a result of such operation. It was provided that the lessors, owners of the mineral interests in the land,…