SMITH, District Judge.
The City of Newark, hereinafter referred to as the City, the owner of a large tract of land, known as the "Newark Airport," leased the hangar thereon to the Brewster Aeronautical Corporation, hereinafter referred to as Brewster. The agreement, dated May 16, 1940, reserved to Brewster "the option to renew the lease for two (2) successive periods of one (1) year each, followed by two (2) further successive periods of five (5) years each, on the...
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