Monfort v. Lanyon Zinc Co.

Citations

• 67 Kan. 310
• 72 P. 784
• 1903 Kan. LEXIS 252

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Mines and Mining — Oil and Gas Lease Construed. A lease, based upon an otherwise sufficient consideration, which gives to the lessees or their assigns the exclusive right for ten years to enter upon the leased premises and prospect for oil, gas, and minerals, and, if oil or gas be found in paying quantities, the privilege of operating such wells as long as either can be produced in paying quantities, and further providing that if no gas-well be sunk on the premises within five years the lease shall become null android unless the lessees or their assigns shall elect from year to year to continue the lease by paying or depositing forty dollars in a designated bank each year, in advance, to the credit of the lessors, until a well shall be completed on the premises, is a grant of a right to the use of the premises for the term of ten years, conditioned on the payment or deposit of forty dollars per year in advance, after the expiration of the first five years.</p>