City of Laredo v. South Texas National Bank

OPINION

BIERY, Justice.

The City of Laredo (“City”) sued South Texas National Bank, International Bank of Commerce of Laredo and Laredo National Bank (“Banks”) for delinquent ad valo-rem taxes on bank shares. Banks responded with a counterclaim for declaratory relief that the taxes were illegally assessed. Banks’ summary judgment motions were granted and a judgment in excess of $80,-000 for Banks’ attorney fees was awarded. City’s motion for partial summary judgment was denied. City concedes that the taxes assessed and levied for the years in issue (1979 through 1982) suffer the same defect…