Legal Opinion

S. Lightburne & Co. v. First National Bank of Rockport

Court of Appeals of Texas

Decided May 18, 1921No. 6572Published

Appeal from District Court, Aransas County; M. A, Childers, Judge. Suit by the First National Bank of Rock-port against the S. Lightburne & Co., in which Heldenfels Bros, intervened. From a judgment for plaintiff, defendant Lightburne & Co. appeal.

1Opinion of the Court

*344COBBS, J.

This is a suit to recover on an obligation or note dated September 21, 1917, signed by S. 'Lightburne & Co. for the sum of $2,500, payable to Heldenfels Bros., with 6 per cent, interest per annum after maturity. The consideration in the note is to “establish and maintain a permanent shipyard at Rockport, Tex., on the side offered them by the citizens of Rockport, and the construction of four wooden ocean-going ships, for and under the direction of the United States government.” The consideration and obligations in this note are precisely similar to the one sued on, and upon which…

2Cases cited2 opinions

  1. Corpus Christi St. & Interurban Ry. Co. v. KjellbergCourt of Appeals of Texas · 1916
  2. Bell v. First Nat. Bank of RockportCourt of Appeals of Texas · 1920

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