Ex Parte Elmer Renfro

This is a habeas corpus proceeding arising out of facts which will be stated.

The Associated Employers Reciprocal is an indemnity inter-insurance exchange organized under Chapter 16, Title 71, of the Statutes of this State, providing for the exchange of reciprocal contracts of indemnity. (Acts of 1915, Chapter 156). On September 2, 1924, this association deposited in the Farmers & Mechanics National Bank of Fort Worth, Texas, of which the relator, Elmer Renfro, is cashier, the sum of $10,000, receiving therefor a certificate of deposit, reading as follows:

“CERTIFICATE OF DEPOSIT

“The Farmers &…