Court Opinion

ID: 9828378
Source: CourtListenerOpinion
Date Created: 2023-09-01 18:19:54.590491+00
Date Added: 2024-06-11T07:42:47.656273
License: Public Domain

On Motion for Rehearing.
We have carefully considered appellants’ motion for a rehearing and have concluded that it should be overruled, and it has been so ordered.
In our original opinion we stated that:
“The allegations of the petition with reference to the organization of the Galveston City Company, the issuance of the 1,000 shares of the trustees’ stock, the history of the company, and tfyat up to 1909 its managing officers had recognized that there were 9 shares of trustees’ stock outstanding, in fact all the material allegations of the petition except those alleging the plaintiffs to be the heirs of the L. N. Condit to whom certificate No. 168 out of Book B was issued, and that they, as heirs of said L. N. Condit, are the owners thereof, were established by the undisputed evidence.”
The above findings were not necessary to a decision of the questions presented upon this appeal and are for that reason withdrawn, as well as for the further reason that some of such allegations are sharply contested by the appellees by cross-assignments which we did not decide, nor did we discuss them in the opinion because we believed that our adverse ruling upon appellants’ assignments of error sufficiently disposed of the case, and to this view we still adhere.
At another place in our opinion we said:
“All these certificates except No. 168, in obedience to a resolution of the governing board of the Galveston City Company, after incorporation, requiring that the trustees’ certificates be surrendered and that the corporate stock should be issued in lieu thereof, were surrendered,” etc.
The resolution referred to was adopted by the managing board of the original company on December 31, 1838, before incorporation, and not by the company after incorporation, and we accordingly make the correction.
Overruled.