Magness v. Kerr

This is a suit in equity to quiet title to a small tract of land consisting of 1.44 acres which on May 31, 1918, was sold and conveyed by defendants to the Equity Queen Canning Company, a corporation by deed containing the following provision, to wit: “Provided and this deed is made upon this condition, that should said premises at any time cease to be used for co-operative purposes, they shall, upon the refunding of the purchase price and reasonable and equitable arrangement as to the disposition of the improvements, revert to said grantors.” The consideration recited in the deed was the sum…