Texas Supreme Court April 10, 1888, No. 5902 (Franco-Texan Land Co. v. Bousselet)
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United States · · · 10-04-1888
Walker, Associate Justice.
The charter of the Franco-Texan Land Company, incorporated under the laws of Texas, with the principal office at Weatherford, Texas. Article 7 pro vides:
“That each share of stock issued by said company shall be received in payment for land purchased of the company at prices fixed by the board of directors, so as to procure a pro rata division of the lands, or their
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