119 Ga. 476 | Ga. | 1904
Henry Levis & Co.,- sued the Parrott Lumber Co., making the following case: On February 29,1892, the Americus
It may be assumed from the pleadings that the plaintiffs acquired their title to the land in question with notice of whatever rights the defendant company had under the writing exhibited and alleged to have been made by the Americus Investment Co. to Ausley and Parrott as trustees. It may also be assumed that the plaintiffs’ title to the lot was subject to whatever interest therein the defendant company claimed under that writing. The decision of the case, therefore, depends upon the construction to be given to those clauses of the papers attached to the petition which we have hereinbefore quoted. According to the great weight of authority, the defendant, under any transfer to it of the interest conveyed by the writing made to Ausley and Parrott as trustees, had no title to the timber which was removed from the lot after the expiration of the time mentioned in that writing within which the timber should be taken, if at all, from the land; that is to say, after June 30, 1898. See authorities cited in Morgan v. Perkins, 94 Ga. 353, 355; McRae v. Stillwell, Mitten & Co., 111 Ga. 65, s. c. 55 L. R. A. 526, note 2. And it necessarily follows, we think, that all the timber remaining on the lot after that date reverted to and became the property of the grantor, the Americus Investment Co. At the date of the deed from that company to the plaintiffs, only two years of the period limited for the removal of the timber had, according to the terms of the grant previously made to Ausley and Parrott, trustees, elapsed; and on that date the Americus Investment Co. did not own this timber. Six years remained in which it could be cut and removed by them. It is true that the right to this timber was limited as to time; but this limitation, by the terms of the writing in which it was stated, only had the effect to revest in the Americus Investment Co. the title to such timber as remained on the land at the expiration of the term. This reversionary interest. in the Americus Investment Co. did not, under the convey
Judgment affirmed.