Texas Fidelity & Bonding Co. v. City of Austin

The plaintiff in error, the Texas Fidelity & Bonding Company, is a private corporation, chartered on April 20, 1910, under Chapter 127, General Laws of the Twenty-eighth Legislature (1903), which became Subdivision 37, Article 1121, and also Article 4928, Chapter 13, Title 71, Revised Statutes 1911. The home office of the Company is, and has always been, at Waco, McLennan County, Texas. The objects and purposes of the Company as originally set forth in its charter, in general terms, were those of a fidelity and surety business. All the powers granted in the statute were included in the…