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KEARNS v. GAY APPAREL CORPORATION

Civ. A. No. C-219-G-62.

232 F.Supp. 475 (1964)

Kate Ragan KEARNS, Katherine Kearns Cheek, and Amos Ragan Kearns, Charles Leslie Kearns, and Katherine Kearns Cheek, Executors and Trustees under the Will of Gurney H. Kearns, Deceased, Plaintiffs, v. GAY APPAREL CORPORATION, Defendant.

United States District Court M. D. North Carolina, Greensboro Division.

August 4, 1964.

Attorney(s) appearing for the Case

McLendon, Holderness, Brim & Brooks, Greensboro, N. C., for plaintiffs.

Adams, Kleemeier, Hagan & Hannah, Greensboro, N. C., for defendant.

HAYES, District Judge:

On February 1, 1948, Gurney Kearns of High Point, N. C., entered into a written contract with Gay Apparel Corporation, a New York Corporation by which Kearn leased to Gay Apparel Corporation his five story office building at 113 South Elm Street in Greensboro, N. C., for a period of 23 years from February 1, 1948 to January 31, 1971. The net rental for the period was Two Hundred Sixty Four Thousand and Five Hundred Dollars, payable in advance...

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