Texas Bank & Trust Co. v. Austin

The sole question presented by the pleadings in this suit for mandamus is whether a bank and trust company, incorporated under the laws of Texas, is entitled to change its system of doing business and its mode of guaranteeing deposits from the guaranty system to the bond security system, on tendering to the Banking Commissioner a duly authorized application for such change and bonds of the United States, approved by the county judge of the county of the company’s domicile and by the Banking Commissioner, in an amount equal to the amount of its capital stock — when it is made to appear that…