Supreme Court of Louisiana May 3, 1920, No. 23509 (Prince v. Standard Oil Co.)

SOMMERVILLE, J.

On June 27, 1914, A. W. Prince leased to the Standard Oil Company 349 acres of land in Bossier parish to be developed for oil and gas. Defendant paid $349.50 cash on the date of the lease, and stipulated that the lease might be renewed from quarter to quarter for two additional years by lessee paying to the lessor the sum of $87.38 per quarter.