Word: renew
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Dates: during 1920-1929
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...University of Minnesota at Minneapolis met six of the representatives of 14 college humorous publications which together form the Midwest College Comics Association. Thoroughly they repudiated College Humor, unanimously they resolved not to renew contracts to give that magazine exclusive reprint rights...
...defamed Secretary of the Interior, gave the Lewistown Oil and Refining Co. a contract to buy the Government's Cat Creek royalty oil. As in the case of Oilman Harry Ford Sinclair's contract for Salt Creek, Wyo., oil,* Fall gave the Lewistown people an option to renew their contract after five years, although no such option had been mentioned in the advertisements for bids. Dr. Hubert Work, Fall's successor, renewed the Cat Creek contract last year without getting the Department of Justice's opinion. Last week Attorney General Sargent advised Secretary of the Interior...
...operation lease. The Salt Creek field was leased to other operators, not to Sinclair. Lessees extract oil and pay the U. S. royalties of oil or cash. Sinclair's contract was to buy royalty oil from the U. S. at certain prices, with an option to renew the contract if he found the prices profitable. The voiding of Sinclair's buying contract in no wise affected leases in the Salt Creek field. Sinclair's contract was voided because his option was, in effect, secretly obtained, i.e., not mentioned in Fall's advertisement for bids...
...returned to Washington he threw out twelve other bids and awarded the contract to Sinclair. It was a contract to extract oil from U. S. property on a royalty basis. In Fall's advertisement for bids nothing had been said about including in the lease an option to renew if the successful bidder found his bargain profitable. Yet into Sinclair's five-year contract was inserted such an option, to renew for another five years...
Secretary Work renewed the contract. Last week, after the contract had been voided by Attorney General Sargent, Dr. Work cited a letter written by Senator Walsh last winter in which the Inquisitor had said: "I am unable to understand how the Government can escape the obligation to renew the contract. . . ." Dr. Work apparently ignored or failed to comprehend the whole import of what Senator Walsh had said. For Senator Walsh had qualified his view that the option was inescapable, by saying: ". . . except it [the U. S.] treats it [the lease] as void or voidable." Senator Walsh's opinion...