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Campbell v. Nako Corporation

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eBook details

  • Title: Campbell v. Nako Corporation
  • Author : Supreme Court of Kansas
  • Release Date : January 12, 1965
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 59 KB

Description

The opinion of the court was delivered by This is an appeal from an order of the trial court refusing to
open up a judgment cancelling an oil and gas lease, rendered on
publication service against the owner of an overriding royalty
interest in the lease. The lease was originally executed in 1907 to extend for a term
of ten years and so long thereafter as oil and gas is produced in
paying production. It appears to have been one held by production
and was acquired by Nako Corporation, an Illinois corporation, in
1961, subject to a retained one-sixteenth (1/16) of seven-eighths
(7/8) working interest in the Texas Western Corporation, a
Missouri corporation. The latter conveyed its interest, commonly
known and referred to as an overriding royalty interest, to
appellants, B.W. Klippel and Alleen P. Klippel, on March 23,
1962, by assignment duly recorded.


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