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BRAZOSPORT SAVINGS AND LOAN ASSOCIATION v. PHILLIPS

No. 10715.

326 S.W.2d 567 (1959)

BRAZOSPORT SAVINGS AND LOAN ASSOCIATION et al., Appellants, v. Jimmy PHILLIPS et al. and J. M. Falkner, Banking Commissioner of Texas, Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied August 5, 1959.

Attorney(s) appearing for the Case

R. W. Lindsey, Rosenberg, Pearson, Scherer & Roberts, Richmond, McKay & Avery, Austin, for appellants.

J. P. Bryan, Lake Jackson, Looney, Clark, Mathews, Thomas & Harris, Mary Joe Carroll, Austin, for Jimmy Phillips and others.

Will Wilson, Atty. Gen., C. K. Richards, Asst. Atty. Gen., for J. M. Falkner, Banking Com'r.

ARCHER, Chief Justice.

This suit was filed seeking injunctive and declaratory judgment relief by appellants against appellees on account of the proceedings before and action of the State Banking Commissioner in granting a charter, franchise and certificate of authority to do business to American Savings and Loan Association, pursuant to application of appellees, the organizers and directors thereof, and sought to set aside the articles of incorporation and to enjoin...

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