Legal Opinion

Taylor Feed Pen Co. v. Taylor Nat. Bank

Court of Appeals of Texas

Decided October 20, 1915No. 5468. [fn*]PublishedCited by 18 opinions

Appeal from District Court, Williamson County; C. A. Wilcox, Judge. On petition for rehearing.

1Opinion of the Court

Findings of Fact.

JENKINS, J.

1. Appellant’s charter was died with the Secretary of State July 5, 1910. The declared purpose of said corporation was to buy, feed, and sell cattle. Its capital stock was stated to be 90 shares of $100 each, fully paid up.

2. The only consideration received by appellant for its capital stock was a deed to the land in controversy from F. E. Ripley and wife. The market- value of the land at the time was $9,000.

3. F. E. Ripley, by virtue of the execution of said deed, was entitled to all of the stock of said company; but, in order to comply with the statute requiring…

2Cases cited40 opinions

  1. Central Transportation Co. v. Pullman's Palace Car Co.Supreme Court of the United States · 1891
  2. Railway Co. v. McCarthySupreme Court of the United States · 1878
  3. Merchants' Bank v. State BankSupreme Court of the United States · 1871
  4. Kent v. . Quicksilver Mining Co.New York Court of Appeals · 1879
  5. Hitchcock v. GalvestonSupreme Court of the United States · 1878

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3Cited by18 opinions

  1. McLaughlin v. CorcoranMontana Supreme Court · 1937
  2. Calvert v. Capital Southwest CorporationCourt of Appeals of Texas · 1969
  3. Brooks v. ZornCourt of Appeals of Texas · 1929
  4. Mann v. MannNorth Dakota Supreme Court · 1929
  5. Bay City Bank & Trust Co. v. Rice-Stix Dry Goods Co.Court of Appeals of Texas · 1917

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