City of Abilene v. Meek

WALTER, Justice.

This is a suit by The Citizens National Bank in Abilene, Texas, a national banking corporation, and Malcolm M. Meek, C. M. Caldwell, W. G. Swenson and W. J. Fulwiler, Jr., individually and as a class representing all of the stockholders of the bank, against the City of Abilene and its assessor-collector of taxes seeking to enjoin them from collecting a tax upon the shares of stock of the bank for the year 1956. The bank and its stockholders also sought a declaratory judgment construing a portion of Article 7166 of the Revised Civil Statutes of Texas, which is as follows:

“Each…