Lone Star Building & Loan Ass'n of Houston v. State Ex Rel. Attorney General

BAUGH, Justice.

The state brought this suit to forfeit the charter of appellant, asked for the immediate appointment of a receiver to take charge of its property and wind up its affairs, and for injunction to restrain the officers, directors, and agents of appellant from interfering with such receiver. A receiver was appointed ex parte without notice and the injunction granted as prayed for, from which judgment this appeal is prosecuted.

The grounds of forfeiture of appellant’s charter alleged were that appellant had failed to pay its franchise tax for the year 1929-1930, .as provided for in,…