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SINGER CO. v. CONTINENTAL ILLINOIS ENERGY

No. 85-4715.

786 F.2d 647 (1986)

The SINGER COMPANY, Plaintiff-Appellant, v. CONTINENTAL ILLINOIS ENERGY DEVELOPMENT CORPORATION, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

April 4, 1986.

Attorney(s) appearing for the Case

H.M. Holder, Shreveport, La., for plaintiff-appellant.

M. Thomas Arceneaux, Shreveport, La., for defendant-appellee.

Before GEE, RUBIN, and GARZA, Circuit Judges.

GEE, Circuit Judge:

In February 1982, the Singer Company ("Singer") executed five mineral leases affecting 74,221 acres of land in Madison Parish, Louisiana. The leases provided that as of their effective date, February 1, 1983, the lessee, Tomlinson Companies ("Tomlinson"), would owe a lease bonus rental of $40.00 per leased acre.

On January 11, 1983, the leases were amended to make the lease bonus rentals payable in five installments during 1983, rather...

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