Cases on Oil and Gas: Selected from Decisions of American Courts

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Victor Henry Kulp
West, 1924 - Gas - 512 pages
 

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Page 438 - All property, not exempted from taxation by this Constitution, shall be assessed for taxation at its fair cash value, estimated at the price it would bring at a fair voluntary sale...
Page 181 - It is agreed that this lease shall remain in force for a term of years from this date, and as long thereafter as oil or gas, or either of them, is produced from said land by the lessee.
Page 185 - ... the party of the first part, their heirs or assigns, to surrender this lease for cancellation, after which all payments and liabilities thereafter to accrue under and by virtue of its terms shall cease and determine...
Page 84 - Secretary may determine, (2) be for a period of five years and as long thereafter as oil or gas may be produced from the area in paying quantities, or drilling or well reworking operations as approved by the Secretary are conducted thereon...
Page 496 - Now, therefore, for and in consideration of one dollar (and other good and valuable considerations...
Page 309 - ... to have and to hold the same for and during the term of...
Page 315 - The obligation of a contract is the law which binds the parties to perform their agreement. . . . This Court has said that "the laws which subsist at the time and place of the making of a contract, and where it is to be performed, enter into and form a part of it, as if they were expressly referred to or incorporated in its terms.
Page 58 - The following contracts are invalid, unless the same, or some note or memorandum thereof, be in writing and subscribed by the party to be charged,' or by his agent: 1. An agreement that by its terms is not to be performed within a year from the making thereof; 2.
Page 424 - We see no reason why the same rule should not apply to a...
Page 262 - It is understood between the parties to this agreement that all conditions between the parties hereunto shall extend to their heirs, executors and assigns.

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