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BRAZOSPORT SAV. & L. ASS'N v. AMERICAN SAV. & L. ASS'N

No. A-7521.

342 S.W.2d 747 (1961)

BRAZOSPORT SAVINGS AND LOAN ASSOCIATION, Fort Bend Federal Savings and Loan Association and Gulf Coast Savings and Loan Association, Petitioners, v. AMERICAN SAVINGS AND LOAN ASSOCIATION, Jimmy Phillips, J. T. Suggs, et al., its Organizers and Directors, and J. M. Falkner, Banking Commissioner of Texas, Respondents.

Supreme Court of Texas.

February 15, 1961.

Attorney(s) appearing for the Case

R. W. Lindsey, Rosenberg, Peareson, Scherer & Roberts, Richmond, McKay & Avery, Austin, for petitioners.

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

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

HAMILTON, Justice.

This suit was filed by petitioners seeking injunctive and declaratory judgment relief against respondents as a result of proceedings before, and the action of, the State Banking Commissioner, in granting a charter, franchise and certificate to do business to American Savings and Loan Association. Specifically, petitioners sought to set aside the articles of incorporation, enjoin the incorporators from doing business under the charter, and in the...

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