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FIRST NAT. BANK v. WORTHEN BANK & TRUST CO.

No. CA 80-299.

607 S.W.2d 409 (1980)

The FIRST NATIONAL BANK IN LITTLE ROCK, Appellant, v. WORTHEN BANK & TRUST COMPANY, N. A., Trustee, Patricia Tucker Bell, Shirley Eagle Melton and Irma Tucker Reid, Appellees.

Court of Appeals of Arkansas.

November 19, 1980.

Attorney(s) appearing for the Case

Friday, Eldredge & Clark by William L. Terry, Little Rock, for appellant.

Rose Law Firm by William H. Kenndey, III and W. Dane Clay, Little Rock, for appellees.

WRIGHT, Chief Judge.

The issue presented by this appeal is whether a clause in a long term lease providing that the base monthly rent specified in the lease would be adjusted annually on July 15 in keeping with the Consumers Price Index (CPI) of the United States Bureau of Labor Statistics is applicable to the base rent set out in the option to renew the lease. The trial court so held, and we reverse.

Some of appellees are the original lessors and the remainder...

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