Security Banking & Investment Co. v. Flanagan

On the 29th day of April, 1919, the appellee, Flanagan, entered into a written contract with the appellant Security Banking & Investment Company, an unincorporated association, to complete the drilling of a well in Jones county, Tex. The well was at the time 620 feet deep, and the appel-lee was to drill it, if necessary, to the depth of 3,000 feet and to receive as compensation therefor the sum of $7 per foot. This suit was later instituted by him against the Security Banking & Investment Company, and *704H. L, Houghton, H. E. Trowbridge, and E. O. Shoemaker, as trustees of the company. The suit…