American Indemnity Co. v. City of Austin

The plaintiff in error, the American Indemnity Company, a private corporation, was chartered on April 19, 1913, under Chapter 117 of the General Laws of the Thirty-second Legislature of this State. It was incorporated for the transaction of an insurance business, its objects and" purposes being substantially all those named in Section 1 of said Chapter, which is Article 4942a Vernon’s Complete Texas Statutes. These purposes are set out in the opinion of the Court of Civil Appeals, 211 S. W., 812,; 814, and it is unnecessary to restate them. It is sufficient to say that the purposes authorized…