LANGDON, Justice.
The appellee, Joe E. Wells, purchased a $1,000.00 debenture bond on August 24, 1953, from Old Line Life Insurance Company, hereinafter referred to as Old Line, bearing interest at seven per cent. Thereafter the appellant, The Morris Plan Life Insurance Company, hereinafter referred to as The Morris Company, under authority of Articles 21.25 and 21.26 of the Insurance Code, Vol. 14A, V.A.T.S., merged with Old Line.
Before the merger the appellee...
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