Chapman v. Witt

On Motion for Rehearing.

Appellee in his motion for rehearing insists that we erred in our -original opinion in holding that appellee, by reason of his being a stockholder in the Alamo Oil & Refining Company, was personally liable on the note of said company to the First State Bank of Eastland, although the cashier of said bank, who took said note and extended credit to said company, did’ so with full knowledge that the declaration of trust under which the Alamo Oil & Refining Company operated provided that the stockholders should not be personally liable for debts of the company. On this…