F. B. Collins Inv. Co. v. Mills

The F. B. Collins Investment Company, a foreign corporation, obtained a permit to do business in Texas authorizing it, among other things not material here:

“To loan money on real estate in the state of Texas, and in any other state in the United States, and to take mortgages on real estate for the security of all its loans in the corporate name of. the company; ^to negotiate, sell and assign said mortgage securities or any other securities held by this company,” etc.

Mills and wife sued it in the district court of Houston county for $2,994.50 as damages for an .alleged breach of contract to…