Concord Oil & Gas Co. v. Thompson

On February 3, 1928, the defendants •Henry and Marie Smeltekop, husband and wife, entered into a lease of 40 acres of land in Muskegon county to one E. L. Dee, granting to him the right to mine and operate for oil, gas, and gasoline thereon for the term of two years thereafter. The plaintiff has acquired all rights thereunder by proper assignments. Among the provisions therein were the following :

"The party of the second part agrees to commence a well on said premises within six (6) months from the date hereof, or pay at the rate of forty ($40) dollars, for each additional six months such…