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COMMONWEALTH INV. CO., COLA. v. THORNTON

18196

244 S.C. 146 (1964)

135 S.E.2d 762

COMMONWEALTH INVESTMENT CO. OF COLUMBIA et al., Appellants, v. O. Frank THORNTON, Secretary of State of South Carolina, Respondent.

Supreme Court of South Carolina.

April 13, 1964.

Attorney(s) appearing for the Case

Messrs. William F. Prioleau, Jr., Frank E. Jordan, Jr. and Joseph D. Sapp, all of Columbia, and Wilcox, Hardee, Houck & Palmer, of Florence, for Appellants.

Messrs. Daniel R. McLeod, Attorney General, and Grady L. Patterson, Jr., Assistant Attorney General, of Columbia, for Respondent.

April 13, 1964.

LEWIS, Justice.

The appellants, twenty in number, applied between the dates of March 12 and 15, 1962 to the Secretary of State for corporate charters or amendments to existing charters, to engage in business as industrial banks under the provisions of Section 8-232 of the 1962 Code of Laws. The Secretary of State refused to issue any of the charters or amendments to charters and this action was then...

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