North Texas Nat. Bank v. Thompson

The North Texas National Bank, plaintiff below, appeals from an adverse judgment rendered upon an instructed verdict. As the decision of the case will turn largely upon the construction of written instruments, they will be set out at length.

On July 29,1921, T. J. Cole, I. M. Williáms, D. G. Thompson, R. K. Erwin, and Mrs. Ella H. Gibson, stockholders and directors of Texas Mortgage Company of Texas, a corporation, executed and delivered to Southwest National Bank of Dallas, Tex., the following written instrument:

“Limited Guaranty

“For the sum of One Dollar ($1.00) and other valuable…