Favorite Oil Co. of Beaumont & Cleburne v. Jef Chaison Townsite Co.

-The plaintiffs in this action, W. E. Waggoner and eight others, allege that they are stockholders of the Favorite Oil Company of Beaumont & Cleburne, that on May 6,1904, said corporation became defunct underhand by virtue of tbe laws of tbe state of Texas, by reason of having failed to pay tbe franchise tax for wbicb it was liable, and was so declared by the Secretary of State, and 'that tbe said persons were also tbe duly elected and qualified board of directors of said corporation at tbe time of tbe forfeiture so declared by tbe Secretary of State. They sue for themselves and as trustees…