Buddon Realty Co. v. Wallace, Admr.

This is an appeal by plaintiffs from a judgment dismissing their petition and sustaining defendant’s counterclaim for a declaratory judgment.

The plaintiff Errol Corporation is the owner of the fee simple title to land located at Eleventh and Pine streets, in the city of St. Louis, on which is erected the Majestic Hotel. The plaintiff Buddon Realty Company is the lessee of the said property under a ninety-nine year lease from the said Errol Corporation.

The evidence shows that under date of February 18, 1939, the Buddon Realty Company leased the said hotel property, together with the…