Peerless Oil & Gas Co. v. Teas

On November 18, 1936, Paul C. Teas recovered a judgment in the District Court of Bexar County, Texas, against The Floboots Corporation and Plateau Oil Company for $36,085.00. As a part of this judgment Peerless Oil & Gas Company, hereinafter called Peerless, was awarded a judgment against Teas for the sum of $9,403.40. It appears that the sum of $35,000.00 was on deposit in the National Bank of Commerce in San Antonio. This bank was a party to the suit. Such judgment contained an express provision that “no execution shall issue hereon until Peerless Oil & Gas Company has first applied for and…