Refugio Lumber Co. v. Bailey

SMITH, Chief Justice.

Refugio Lumber Company, a corporation, brought this action against V. V. Bailey to require the latter to account for certain corporate funds alleged to have been unlawfully disbursed by himself, or by other employees with his knowledge and permission, during his term as Secretary-Treasurer of the Corporation, which office he is alleged to have vacated on June 5, 1939. This suit was instituted on July 1, 1942. The Lumber Company and Bailey will be referred to as plaintiff and defendant, respectively, as in the trial court.

Defendant interposed two special exceptions to…