Security Banking & Investment Co. v. Flanagan

On the 29th day of April, 1919, the appellee, Flanagan, entered into a written contract with the appellant Security Banking Investment Company, an unincorporated association, to complete the drilling of a well in Jones county, Tex. The well was at the time 620 feet deep, and the appellee was to drill it, if necessary, to the depth of 3,000 feet and to receive as compensation therefor the sum of $7 per foot. This suit was later instituted by him against the Security Banking Investment Company, and H. L. Houghton, H. E. Trowbridge, and F. C. Shoemaker, as trustees of the company. The suit is…