Raynolds Holding Co. v. El Paso Electric Co.

PELPHREX, Chief Justice.

Prior to August 1, 1921, the First National Bank of El Paso owned a seven-story building in El Paso, Tex. On that date the First Mortgage Company completed a fifteen-story structure adjoining it. The same elevators, pursuant to an agreement between the owners, were used to carry the passengers to both buildings. The First Mortgage Company conveyed its building to Joshua S. Raynolds, now deceased, on September 24, 1929. Raynolds owned the property until December 23, 1929, when he conveyed it to the Raynolds Holding Company, who continued to own it until February 1,…