Brazosport Savings & Loan Ass'n v. Phillips

ARCHER, Chief Justice.

This suit was filed seeking injunctive and declaratory judgment relief by appellants against appellees on account of the proceedings before and action of the State Banking Commissioner in granting a charter, franchise and certificate of authority to do business to American Savings and Loan Association, pursuant to application of appellees, the organizers and directors thereof, and sought to set aside the articles of incorporation and to enjoin the incor-porators from doing business under the charter and alternatively sought a declaratory judgment to the effect that the…