State National Bank v. Tarrant County

The cpntrolling question involved here is whether Article 611, Revised Civil Statutes of 1911, empowers a county to call in and redeem funding bonds issued under Article 657, Revised Civil Statutes' of 1911, prior to their respective maturity dates, when the right to redeem before maturity was not reserved either in the bonds themselves or by the orders of the Commismissioners’ Court authorizing their issuance.

The State National Bank of El Paso brought this suit against Tarrant County for a judgment declaring that Tarrant County does not have the right to redeem its 1922 funding bonds prior…