Fagan & Osgood v. Boyle Ice Machine Co.
Texas Supreme Court
Appeal from Victoria. Tried below before the Hon. H. Clay Pleasants. On April 16, 1884, Ayérs & Cannon, A. Levi & Co., and A. F. Higgs filed their original petition, in the nature of a creditor’s bill, in the district court of Victoria county, against the Texas Continental Meat company, a private corporation established under the laws of Texas.
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Appeal from Victoria. Tried below before the Hon. H. Clay Pleasants. On April 16, 1884, Ayérs & Cannon, A. Levi & Co., and A. F. Higgs filed their original petition, in the nature of a creditor’s bill, in the district court of Victoria county, against the Texas Continental Meat company, a private corporation established under the laws of Texas. The petitioners alleged that they were creditors of the defendant company, and set forth the amounts due them respectively; that the company was also indebted to divers other persons, and that its total indebtedness aggregated about $150,000.…
1Opinion of the Court
Robertson, Associate Justice.
decree in the main case of Ayers & Cannon and others v. The Continental Meat company, appoints a receiver to take charge of- the property of the defendant and convert it into money, and contemplates a distribution of the proceeds among the creditors of the company. There is no prayer of the *330petition, or express provision in the decree, for a dissolution of the corporation, but its extinction is the necessary result of the consummation of what is done and proposed. The effect of the decree is, therefore, to place the assets of the company in process of equitable…
2Cases cited2 opinions
- Gaty v. CaseyIllinois Supreme Court · 1853
- Martin v. StateTexas Supreme Court · 1859
3Cited by25 opinions
- University Savings & Loan Ass'n v. Security Lumber Co.Texas Supreme Court · 1967
- Thomas Trammell & Co. v. MountTexas Supreme Court · 1887
- Fleming v. the Texas Loan AgencyTexas Supreme Court · 1894
- Denny v. White House Lumber Co.Texas Commission of Appeals · 1932
- McHenry v. Bankers' Trust Co.Court of Appeals of Texas · 1918
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