TEXAS WATER SUP. CORP. v. RECONSTRUCTION FINANCE CORP.

No. 14187.

204 F.2d 190 (1953)

TEXAS WATER SUPPLY CORP. et al. v. RECONSTRUCTION FINANCE CORP.

United States Court of Appeals Fifth Circuit.

April 21, 1953.


Attorney(s) appearing for the Case

Joseph W. Cash and Orin H. Bonney, Houston, Tex., for appellants.

Raymond A. Cook, Houston, Tex., Andrews, Kurth, Campbell & Bradley, Houston, Tex., of counsel, for appellee.

Before HUTCHESON, Chief Judge, and HOLMES and RIVES, Circuit Judges.


RIVES, Circuit Judge.

This was an action on a promissory note by the Reconstruction Finance Corporation against the Texas Water Supply Corporation and on a guaranty contract against A. E. Fawcett, Jr., and L. M. Fawcett. The issues on this appeal relate first to the personal liability of the guarantors, and second to the Texas Corporation's counterclaim.

The note was executed September 30, 1942, in the principal amount of $30,950.00 payable ninety days after...

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