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SPENCE & GREEN CHEMICAL COMPANY v. MOUER

No. 7568.

510 S.W.2d 620 (1974)

SPENCE & GREEN CHEMICAL COMPANY, Appellant, v. Roy W. MOUER, Securities Commissioner, Appellee.

Court of Civil Appeals of Texas, Beaumont.

Motion for Rehearing Overruled June 20, 1974.

Attorney(s) appearing for the Case

J. C. Zbranek, Liberty, for appellant.

Bill Flanary, Asst. Atty. Gen., Austin, for appellee.

STEPHENSON, Justice.

This is an appeal from a judgment of the trial court upholding the order of the Securities Commissioner of the State of Texas, prohibiting the sale of its securities by Spence & Green Chemical Company and extending a prior order which prohibited secondary trading of such securities. The parties will be referred to here as "Spence & Green" and the "Securities Commissioner."

The parties agreed below and here that this is not a "substantial...

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