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SMITH v. LOUISIANA OIL REFINING CORPORATION

No. 6963.

12 F.2d 378 (1926)

SMITH et al. v. LOUISIANA OIL REFINING CORPORATION.

Circuit Court of Appeals, Eighth Circuit.

April 12, 1926.

Attorney(s) appearing for the Case

C. W. McKay and Walker Smith, both of Magnolia, Ark., and C. E. Wright, of El Dorado, Ark., for plaintiffs in error.

T. J. Gaughan, J. E. Gaughan, E. E. Godwin, and J. T. Sifford, all of Camden, Ark., for defendant in error.

Robert C. Knox and Jordan Sellers, both of El Dorado, Ark., amici curiæ.

Before KENYON and VAN VALKENBURGH, Circuit Judges.

VAN VALKENBURGH, Circuit Judge.

April 24, 1920, plaintiffs in error, plaintiffs below, with their wives, executed an oil and gas lease to one E. R. Ratcliff, named as trustee. This lease, so far as material to this controversy, provides:

"The said lessor for and in consideration of twelve thousand five hundred and no/100 dollars, cash in hand paid, and other good and valuable considerations, the receipt of which is hereby acknowledged, and of the covenants...

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