Brazosport Savings & Loan Ass'n v. Phillips

The parties concede and it must be borne in mind that in disposing of this appeal the allegations of appellants’ petition must be taken as true.

Many irregularities regarding the proceedings in which the American Savings and Loan Association, an appellee, was granted a charter, franchise and certificate of authority to do business by the State Banking Commissioner are alleged. I will, however, quote only the allegations which relate to the duty of the Commissioner under Art. 881a-2, V.A.C.S., to ascertain “whether the public convenience and advantage will be promoted by allowing such proposed…