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PEOPLES BANK AND TRUST COMPANY v. NETTLETON FOX HUNTING & FISHING ASSOCIATION

No. 93-CA-00398-SCT.

672 So.2d 1235 (1996)

The PEOPLES BANK AND TRUST COMPANY v. NETTLETON FOX HUNTING & FISHING ASSOCIATION.

Supreme Court of Mississippi.

April 18, 1996.

Attorney(s) appearing for the Case

W.P. Mitchell, Mitchell Voge Beasley & Corban, Tupelo, Stephen H. Morris, Mitchell Voge Firm, Tupelo, for appellant.

Jan P. Patterson, Patterson & Patterson, Aberdeen, for appellee.

Before DAN M. LEE, C.J., and McRAE and SMITH, JJ.

SMITH, Justice, for the Court:

The Peoples Bank and Trust Company, (hereinafter, the Bank), appeals to this Court from an adverse ruling by the Chancery Court of Monroe County in favor of the Nettleton Fox Hunting & Fishing Association, (hereinafter, the Association), concerning the title and ownership of mineral rights within certain lands in Monroe County, Mississippi. The chancellor held that an oil and gas lease with the following clause, "Oil and Mineral...

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