*1
DALLAS
OP
MoELKOY
readily
subject,
disposed
an act
and
person
the same
her
in the cotton
interest
particular
to
reference
making
subjected
be
power,
without
done
a contract' which
inte'rest,
applied
to the
will
separate
her entire
estate
vicissitudes
to the
Co.,
power.’
Lbr.
Pine
v. So.
Arnold
not to the
speculative
mаrket,
of a
this was
cotton
1167.
123 S. W:
58 Tex. Civ.
appellants
contract
“(2)
from
which we deduce
rule
‘The
and J.
it
the case
W. Whittle.
this view of
donee
or
trustee
authorities is that a
American
contract
may
power
immaterial.
power
conferred
execute the
necessary to
her.
If
made for
not refer
which does
an instrument
him
control,
manage,
itself,
properly
make
power
to
or
but in such
to
to
the execution of the
her
enable
valid,
power
it must
separate
dispose
of her
she
attending
pear
instrument or
Wat
Wadkins v.
be held liable therein.
did
trustee
the donee or
circumstances
son,
hold
She
194.
was authorized
power
virtue of
fact act under
monеy
it as secu
her
cotton and borrow
dispose
conferred
him
rity,
contract
was the effect of the
and if this
question,
intention
in
pose
power
it was his
cotton
could look
in accordance
repayment
and could
advances
circumstances
If from the
so conferred.
personally
Mills
it be doubtful
liable therefor.
instrument еxecuted
hold her
v;
698;
intention to execute
App.)
whether it
John
Bank
power possessed by
grantor,
then it will
W. 671.
208 S.
son
v. Scott
conveyance
not be
such act
require
expressed
an
above
The conclusions
power
was in fact
Hill
executed.’
judgment;
and it
affirmance of
Conrad,
345,
791.W.
so ordered.
may
(partner)
“(3)
agent
One
partnership);
but,
(the
he
for another
if
making
obligation
name,
an
his own
incurs
the
capacity
‘in
and not
contract
his.
agent,’
party
an
the character
of
power
act,
not,
whom had the
but did
he
et
McELROY.*
al. v.
DALLAS
CITY OF
though receiving
not liable
the benefit
even
(No. 9047.)
Hill,
Cyc.
484;
483,
the
for such course, opinion. We, agency do not court’s clothed case. apocryphal duty protecting announce sovereign power doctrine that the the citizens, rights not fail arfe recognize seeking capriciously ex- courts. We impair, destroy rules ercise of its without warrant prop- jurisprudence, of trary in our one citizen’s law prop- Equity erty another citizen’s we do not state. erroneously satisfy erty, conceived remove the blended our courts so .-judicial prompt propriety, ideas of demands *4 chancery, procedural disapproval. Appellants’ cannot justified. mov- is Although which its tinctions differеntiate them. This of the the well-understood welfare ed city a conviction that distinctions between law is conserved and its inhabitants recognized course, paramount Suits are conviction are not state. to this its judgment pursued necessity to final conformed its conduct be regard nature fan the-plainly well-understood declared аnd proceedings category specific controlling at issue. matter prin- purpose applying whatever pursuit his at ciples Appellee, exercising control the which of law or building, by was questions guaranteed Such involved. the Con- accorded courts Texas arbitrary restate the obstruction An stitution. to the distinc- appellant confined tolerated right merely it conflicts tions an assertion of appellant mandamus, as are courts policy or the an unlawful with adhere to the com- in mon law. which owners. desires of affirmed. rehearing is motion for overruled. Motion On ample opportunity Appellant afforded was opposition pleadings in tо file OIL v. ADAMS ASS’N et al. HARDEE extended a full 8354.) (No. copiously introducing evidence. The of Texas. Galveston. of Civil pleadings- rested its 15, 1923. Denied Oct. complete. elaborate are most resistance The evidence by appellant was ex- adduced companies and business trusts 1. Joint-stock haustive, a nature which defi- was of &wkey;> liability 15(1) under dec- —Stockholders’ nitely the truth of the situation defined. laration of trust precluded certainty entry and with different joint-stoelc company, Stockholders, in a judgment upon heaving. a final through trustees, who, have retained control presented the case on both sides company, are liable for debts standpoint finality, of evi- agents, contracted the association trustees, Appellant accorded and availed notwithstanding dence. declaration every present opportunity agreement attempted all the itself and articles trust exempt bility, stated, individual lia- the stockholders behalf. As above ¿facts liability may though disclosed final inevitable agree оnly who third limited purposes intents result. To there the association not with' hearing. The conclusive- record individually liable. stockholders to hold the -judgment establishes companies and business trusts Joint-stock could not be limiting <&wkey;13Agreements stockholders’ li- constantly mindful of has been This court binding. ability themselves arei as between severity extraordinary nature trust, provision declaration of remedy granted. is one to be accorded exempting agreement, articles distress, extreme cases binding liability, from themselves, stockholders caution; greatest; it was becoming and one as member granted case is a charged the association sound agreement. sustain knowledge of such pp. 317-319, it. 14 R. C. and authorities companies and business trusts Joint-stock cited. there drilling rig &wkey;>IO oil —Lessor [5, 6] Our declaration be that distinctions lessee association stockholder agreement. articles -bound regarded apparently by appellant’s oil-drilling rig joint- renting ato payment astounding company counsel as assertion. for a cash This stock Key-Numbered. and KB X-NUMBER all
