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CHIMNEY ROCK NAT. BANK OF HOUSTON v. STATE BANK. BD.

No. 11192.

376 S.W.2d 595 (1964)

CHIMNEY ROCK NATIONAL BANK OF HOUSTON et al., Appellants, v. STATE BANKING BOARD of Texas et al., Appellees.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied March 25, 1964.

Attorney(s) appearing for the Case

Baker, Heard, Elledge & Watkins, Lowell B. Hays, Houston, for appellant.

Waggoner Carr, Atty. Gen., Joe R. Long, Asst. Atty. Gen., Austin, Butler, Binion, Rice & Cook, Frank J. Knapp, Houston, Hart & Hart, Austin, for appellee.

PHILLIPS, Justice.

This case involves the validity of a charter issued to the Post Oak Bank of Houston, Texas by the State Banking Board of Texas.

The hearing before the State Banking Board on the application for the charter was held in November, 1962. At the conclusion of the hearing the Board by a majority vote approved the application. Chimney Rock National Bank also Houston, and others1 brought suit in the District Court of...

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