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FIRST NATIONAL BANK OF SPRINGDALE v. HOBBS

No. 5-5123.

450 S.W.2d 298 (1970)

FIRST NATIONAL BANK OF SPRINGDALE, Appellant, v. Lloyd G. HOBBS et al., Appellees.

Supreme Court of Arkansas.

February 16, 1970.

Attorney(s) appearing for the Case

Crouch, Blair, Cypert & Waters, Springdale, for appellant.

Bethell, Stocks, Callaway & King, Ft. Smith, for appellees.

HARRIS, Chief Justice.

Lloyd G. Hobbs is president of S. & H., Inc., and these parties are appellees. On September 12, 1966, Jack Starnes entered into a 10-year lease agreement with S. & H., whereby Starnes was to lease and operate the Holiday Inn Motel in Springdale. The lease provides for certain rentals, the minimum monthly rental being $6,000.00 per month for the first year, $7,000.00 per month for the second year, and $7,500.00 per month for the third...

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