Pumphrey v. Threadgill

COLLARD, Associate Justice.

— This is an injunction suit brought by appellee, a stockholder of a corporation — the Taylor Electric Light, Gas, and Power Company — organized under the general laws of the State. The suit is brought to restrain and enjoin a sale of the franchise and properties of the company by the trustee under a deed of trust formally executed by the corporation, pursuant to resolutions passed by the board of directors, to secure the payment of a debt of $7000 due by the company to the Taylor Rational Bank, evidenced by note. It is alleged in the petition for injunction, that…