Bates v. Texas Electric Ry. Co.

YOUNG, Justice.

This suit for injunction was brought by Jack Bates, a holder of 100 shares of Texas Electric Railway Company stock, to restrain appellee interurban company from the substitution of motor line service for its electric railway service between Dallas and Waco; charging that the new and contemplated operation was ultra vires: as in excess of corporate powers; also in violation of our State Anti-Trust Laws and particularly the provisions of Art. 7427, Vernon’s Ann.Civ.Sts., defining “monopoly.” Appellant’s petition for temporary relief was denied, upon hearing, on May 24, 1948. A…