Guadalupe & San Antonio Rivers Stock Ass'n v. West
Guadalupe & San Antonio Rivers Stock Ass'n v. West
Opinion of the Court
The court below sustained demurrers to appellant’s petition and dismissed the suit, from which judgment this appeal is taken.
After alleging incorporation, and dissolution by expiration of the charter, the officers of the company having been permitted, by order of court, to prosecute the suit as trustees, the petition alleged that, at the date of the expiration of the said charter, the corporation was indebted in the sum of one thousand two hundred dollars, and that there were no assets belonging to it; that
We think it sufficiently appears from the petition that appellant was an association of individuals, duly chartered under the laws of the State, by which charter the chosen officers of the corporation were empowered to make assessments against the property of the members for the purpose of paying necessary expenses, and that the assessment was uniform against all of the members—appellee being one of them—all of whom, except appellee, had paid the assessment, which was made for the purpose of paying necessary expenses incurred by the association. We think the petition states a case upon which appellant would be entitled to recover, unless the charter is null and void, as alleged in the sixth special exception sustained by the court.
Appellee insists that the purposes for which appellant obtained its charter “were not such purposes for the pursuit of which a corporation could be formed under the laws of this State.”
The purposes stated in the charter are novel and somewhat peculiar, but we think them within the purview of subdivision 27, of article 566, of the Revised Statutes. The near approach of the close of the present term, together with the press of other business that must be considered, preclude our indulging in stating reasons for our conclusions. We are of opinion that the court erred in sustaining the exceptions and dismissing the suit, and that the judgment of the court below should be reversed and the cause remanded.
Reversed and remanded
Case-law data current through December 31, 2025. Source: CourtListener bulk data.